James Murdoch steps down as BSkyB chairman

He is the son of News Corporation founder Rupert Murdoch (pictured), whose company had to drop its bid for BSkyB after the phone-hacking scandal. Nick Ferguson, presently deputy chairman, will replace him as chairman. Last month, Murdoch, stepped down as chairman of News International, which publishes the Sun and the Times in the UK. Murdoch faced conflict of interest issues after News Corp, of which he is now deputy chief operating officer, launched a bid to buy the proportion of BSkyB it does not already own. News Corp owns almost 40% of the broadcaster, but withdrew its bid f...