The fallout from the phone hacking scandal finally claimed James Murdoch. We had been wondering for months when it would happen, and now that day is here: According to The Guardian, Murdoch is stepping down as Executive Chairman of News International.
Murdoch will, however, continue on at News Corp., but his days among newspapers are over. We’re guessing that Murdoch isn’t too upset about this move.
Tom Mockridge, CEO of News International, will be continuing on at News International, effectively taking James’ place.
News Corporation issued the following statement about Murdoch’s resignation: