James Murdoch Resigns Sun, Times Boards

[Fire Walk With Me]

By Amy Thomson and Jonathan Browning. - Nov 23, 2011 8:51 AM PT

News Corp. Deputy Chief Operating Officer James Murdoch resigned from the boards of the companies that run The Sun and The Times newspapers as he steps away from the U.K. publishing unit.

Murdoch, 38, will remain on the Times’ editorial board and stay on as chairman of News International Ltd., the company said in a statement today. He was replaced on the boards by Tom Mockridge, chief executive officer of the News International newspaper unit.

Murdoch left News Group Newspapers Ltd. on Sept. 19, the day when News Corp. was said to agree to a 3 million-pound ($4.7 million) settlement for the family of murdered schoolgirl Milly Dowler, whose phone was hacked by the News of the World tabloid. The scandal has damaged career prospects for Murdoch, once seen as heir apparent to News Corp. (NWSA) Chief Executive Officer Rupert Murdoch, his father.

http://www.bloomberg.com/news/2011-11-23/james-murdoch-resigns-sun-times-boards.html