James Murdoch steps down from News International

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James Murdoch has stepped down as executive chairman of News International, following his relocation from London to New York, News Corporation has announced.

Murdoch will remain in his position as deputy chief operating officer of parent company News Corporation, but has taken a step away from the US multi-media conglomerate's UK subsidiary News International. Tom Mockridge, chief executive officer of News International, will continue in his post and will report to News Corporation President and COO Chase Carey. Son of media mogul Rupert Murdoch, James first became executive chairman of News International in late 2007. He has been in the media spotlight lately amid the scandal over phone hacking, which first emerged in June last year. H...

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