(Reuters)
James Murdoch, the younger son of Rupert, will relinquish his position as
executive chairman of News International, its parent company News Corp said on
Wednesday.
The younger
Murdoch will remain deputy chief operating officer of News Corp and will focus
on its international TV business, the company said in a statement.
James
Murdoch, once seen as a heir apparent for News Corp's top job, has been under
pressure in Britain since last summer following the phone-hacking scandal that
erupted at the unit which he oversaw.
Tom
Mockridge, chief executive of News International, will continue in his post and
report to News Corp President Chase Carey.
News Corp
Chairman Rupert Murdoch said in a statement his son would still play an key
role at the company.
"Now
that he has moved to New York, James will continue to assume a variety of
essential corporate leadership mandates, with particular focus on important
pay-TV businesses and broader international operations."
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