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James Murdoch to resign as BSkyB chairman

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Posted at 10:16 AM, Apr 03, 2012
and last updated 2012-04-03 10:26:06-04

From Nina Dos Santos, CNN

LONDON (CNN) – James Murdoch, the son of media magnate Rupert Murdoch, is expected to step down as the chairman of BSkyB on Tuesday, a longtime institutional investor in the British satellite broadcaster told CNN.

Sky News, which is owned by BSkyB, also reported that Murdoch was resigning from the post, citing unnamed sources.

The move would come on the heels of James Murdoch’s resignation from News Corp.’s British newspaper publishing companies in the wake of scandals over the past year.

He has been hammered by accusations that News Corp.’s British Sunday tabloid the News of the World systematically eavesdropped illegally on crime victims, politicians, celebrities and veterans in search of stories.

James Murdoch has consistently denied knowing about the scale of phone hacking at the paper, which he ordered shut down last summer in the face of the scandal.