The following is an excerpt from a CNN Money article that quotes Management Professor Mike Mannor about James Murdoch stepping down from News International. To read the entire article visit: James Murdoch out as head of U.K. publishing unit
James Murdoch is giving up leadership of News Corp.'s scandal-plagued U.K. newspaper publishing business.
The son of company chairman and CEO Rupert Murdoch, James Murdoch had been executive chairman of News International, the publishing unit of News Corp. that has been most directly affected by a phone-hacking scandal since last summer.
He gives up that title and will relocate to the company's New York headquarters, keeping his corporate title as deputy chief operating officer. The company said he will now focus on its pay television businesses and broader international operations.
Tom Mockridge, CEO of News International, will retain that title and report to News Corp. President and Chief Operating Officer Chase Carey.
Mike Mannor, professor at Notre Dame's business school, said James Murdoch's move doesn't necessarily mean that his father is any less committed to print. In fact, it could be taken as sign that Rupert Murdoch is asserting even more control, despite being less than two weeks away from his 81st birthday.
This story also appeared on KPRC Houston.