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James Murdoch Steps Down at News International: Media Alert

Stocks in this article: NWS

NEW YORK ( TheStreet -- James Murdoch has stepped down as executive chairman of News International, the U.K. publishing unit of News Corp. (NWS), the company announced Tuesday.

"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," said his father, Rupert Murdoch, chairman and CEO.

James Murdoch was in charge at News International when one of its newspapers, News of the World, was forced to cease publishing in 2011 under the intense glare of a phone-hacking scandal involving the paper.

The Sun, another News Corp. paper in England, recently began publishing a Sunday edition to replace the popular News of the World.

"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," Murdoch said.

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