James Murdoch resigns
The latest as the executive chairman of News International steps down
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James Murdoch stands down as non-executive chairman of BSkyB
• James Murdoch: 'My role as chairman could become a lightning rod for BSkyB'
• It is announced that Murdoch Jr will remain non-executive director
• Nicholas Ferguson becomes chairman; Tom Mockridge becomes deputy
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Here's some info about the incoming chairman from Sky's corporate site
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James Murdoch's resignation is the right thing to do, but long overdueby ChrisBryantMP via twitter 4/3/2012 1:37:19 PM -
Some campaigns are slow burn. But we're getting there. Slowly. But Surely.by ChrisBryantMP via twitter 4/3/2012 1:38:47 PM
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Here's the official press release as issued by BSkyB.
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I always thought a lighting-rod was supposed to be a good thing. Takes lightning away from the building straight into the ground?by Ben Fenton via twitter 4/3/2012 1:45:00 PM -
No question that rsignation of JMurdoch frm BSkyB board indicates Murdoch empire is holed below the waterline a taking on water if not worseby jonsnowC4 via twitter 4/3/2012 1:46:52 PM -
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News Corp have also issued a press release. Murdoch Sr says: "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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Fair to say the Rupert Murdoch joint statement lacks a bit of...warmth...by Dan Sabbagh via twitter 4/3/2012 1:52:57 PM -
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QUOTE: "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." - James Murdoch
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James Murdoch on the phone. Says he "couldn't hack it".by ElliottJay via twitter 4/3/2012 1:57:38 PM -
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So James Murdoch is resigning, is that what they mean by SkyGo?...I suppose Rupert will have to find another Son on Sunday! #YFBby RoyChubbsBrown via twitter 4/3/2012 1:59:39 PM -
The Telegraph is pulling no punching in its coverage of the story. It's profile on "the black sheep of the family" is entitled "college drop-out to media prince".
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Had already stepped down from Big Pharma and Sotheby boards. As well as News Group. BSkyB resignation on cards. Hacking had done him damageby afneil via twitter 4/3/2012 2:11:32 PM -
It's The Son Wot Lost It! #gotchaby patricklappin via twitter 4/3/2012 2:18:41 PM -
REACTION: Jack Irvine, a former editor of the Scottish Sun, tells the Press Association: "I think it's a tragedy for James Murdoch himself in that he has actually been a very good chairman of BSkyB. Normally one would be quitting a job because you hadn't done a very good job but he is quitting because of what other people have done.''
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Leveson will hear evidence from newspaper proprietors in weeks beginning April 23 and May 8 - expected to include James Murdoch.by SamMMarsden via twitter 4/3/2012 2:27:47 PM -
Ed Miliband tells Sky James Murdoch's resignation "probably is the right thing" but calls for wider "clear out" of wrongdoers.by DavidHughesPA via twitter 4/3/2012 2:28:07 PM -
QUOTE: More from the Labour leader: "He's taken the decision that he has, but what now needs to happen is that the police investigation takes its course and gets to the bottom of exactly what happened. The most important thing is that the organisation has a top-to-bottom clean-up and understands what happened and gets rid of those people who did wrong."
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Don Foster, co-chair of the backbench Liberal Democrat culture committee, says: "James Murdoch will hope this resignation takes some of the pressure off News Corp's bid for BSkyB. No doubt the other BSkyB owners will be breathing a sigh of relief that the bid, for now, seems to be on the back burner."
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Mr Foster adds: "However, whether or not News Corp qualifies as a 'fit and proper person' remains to be seen, and there are still unanswered questions on James Murdoch's knowledge of phone hacking. It is essential that this resignation does not act as a barrier to finding out the truth.''
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James Murdoch’s BSkyB resignation sparked cheers in the corridors of the BBC, until staff remembered the DG position is open.by bbcHIGNFY via twitter 4/3/2012 2:46:45 PM -
QUOTE: "James has ensured the challenger spirit ... is ingrained in the company's DNA and I am confident Sky's employees, along with Nick [Ferguson], Jeremy [Darroch] and the entire board, will continue to strongly develop the business in the interests of all shareholders." - Tom Mockridge on his elevation
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Here's some info about the incoming deputy chairman from Sky's corporate site
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QUOTE: "Two years ago the Murdochs were courted by all and sundry and now James Murdoch is running away with his tail between his legs, frightened of what the Culture Media and Sport Select Committee may say about his disastrous and incompetent running of News International.'' - Labour MP Chris Bryant, a leading campaigner against phone hacking
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Murdoch J is resigned as chairman & yet remains on the board of BSkyB. End of days @rupertmurdoch. But not just yet #Leveson #Hacking #ofcomby stephenpunter via twitter 4/3/2012 3:09:17 PM -
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The resignation of James Murdoch has sent reverberations around the globe, with Fox News reporting the story high on its business agenda.
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