James Murdoch To Step Down As Chairman Of BSkyB

An announcement from the United Kingdom this morning, James Murdoch is stepping down as Chairman of BSkyB, according to CNBC reports.This comes after the media executive stepped down as Chairman of News International on February 29th after facing criticism over the phone hacking scandal that brought down the News of the World tabloid.James Murdoch’s father Rupert Murdoch is head of News Corp which own 39% of British Sky Broadcasting.Shares of News Corp (NASDAQ:NWSA) slipped about 0.5% premarket on that news.