James Murdoch steps down as News International exec chairman

MUMBAI: James Murdoch has stepped down as the executive chairman of News International, the publisher of the now defunct News of the World, to focus on the broadcast business of News Corporation, the parent company of News International.

The junior Murdoch will relocate to News Corp?s headquarters in New York as the deputy chief operating officer, News Corp said in a statement.

Tom Mockridge, CEO of News International, will continue in his post and will report to News Corporation president and COO Chase Carey.

"We are all grateful for James? leadership at News International and across Europe and Asia, where he has made lasting contributions to the group?s strategy in paid digital content and its efforts to improve and enhance governance programmes," said News Corporation chairman and CEO Rupert Murdoch.

"He has demonstrated leadership and continues to create great value at Star TV, Sky Deutschland, Sky Italia, and BSkyB. 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."

James Murdoch, who was under fire from the UK authorities following the phone hacking scandal that had engulfed the News of the World, said he was looking to his relocation to News Corp.

"I deeply appreciate the dedication of my many talented colleagues at News International who work tirelessly to inform the public and am confident about the tremendous momentum we have achieved under the leadership of my father and Tom Mockridge," he said.

"With the successful launch of The Sun on Sunday and new business practices in place across all titles, News International is now in a strong position to build on its successes in the future. As Deputy Chief Operating Officer, I look forward to expanding my commitment to News Corporation?s international television businesses and other key initiatives across the Company."
NOTW ceased publication after 168 years following its final print edition on 10 July which resulted in the loss of around 200 jobs.

The News International publishes three news papers, The Times, The Sun and The Sunday Times besides the launch of Sunday edition of The Sun.