James Murdoch Has Quit British Newspaper Boards
By JOHN F. BURNS and RAVI SOMAIYA
NYT
LONDON — James Murdoch, widely seen as the heir apparent to the News Corporation global media business of his octogenarian father, Rupert, has stepped down as director of two subsidiaries that publish Murdoch-owned newspapers in Britain, the company said on Wednesday. It was the first publicly acknowledged adjustment in the younger Mr. Murdoch’s newspaper responsibilities since the British tabloid phone hacking scandal that has enveloped the company.
Media analysts in Britain speculated that the move by the younger Mr. Murdoch might presage the News Corporation’s eventual exit from British newspapers, once a core holding but now an increasingly marginal segment, in financial terms, of the company’s worldwide operations.
The younger Mr. Murdoch no longer sits on the boards of News Group Newspapers, which publishes The Sun, and of Times Newspapers, which publishes The Times and The Sunday Times of London, according to a statement released by the News Corporation’s News International unit, which oversees all Murdoch-owned businesses in Britain. All three papers are among the most influential in the country.
The statement, issued in response to reports in the British news media, said James Murdoch, 38, stepped down from the boards in September, but remained a director of Times Newspapers Holdings, the holding company of Times Newspapers that was established by Rupert Murdoch when he bought The Times titles in the early 1980s to honor his pledge to keep the papers editorially independent. James Murdoch will also remain chairman of News International and deputy chief operating officer, from a base in New York, of the News Corporation.
(More here.)
NYT
LONDON — James Murdoch, widely seen as the heir apparent to the News Corporation global media business of his octogenarian father, Rupert, has stepped down as director of two subsidiaries that publish Murdoch-owned newspapers in Britain, the company said on Wednesday. It was the first publicly acknowledged adjustment in the younger Mr. Murdoch’s newspaper responsibilities since the British tabloid phone hacking scandal that has enveloped the company.
Media analysts in Britain speculated that the move by the younger Mr. Murdoch might presage the News Corporation’s eventual exit from British newspapers, once a core holding but now an increasingly marginal segment, in financial terms, of the company’s worldwide operations.
The younger Mr. Murdoch no longer sits on the boards of News Group Newspapers, which publishes The Sun, and of Times Newspapers, which publishes The Times and The Sunday Times of London, according to a statement released by the News Corporation’s News International unit, which oversees all Murdoch-owned businesses in Britain. All three papers are among the most influential in the country.
The statement, issued in response to reports in the British news media, said James Murdoch, 38, stepped down from the boards in September, but remained a director of Times Newspapers Holdings, the holding company of Times Newspapers that was established by Rupert Murdoch when he bought The Times titles in the early 1980s to honor his pledge to keep the papers editorially independent. James Murdoch will also remain chairman of News International and deputy chief operating officer, from a base in New York, of the News Corporation.
(More here.)
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