Report: James Murdoch to Step Down from BSkyB

Media executive James Murdoch, under pressure over his role in Britain's tabloid phone hacking scandal, is stepping down as chairman of British Sky Broadcasting, the Sky News channel reported Tuesday,Sky, ...

James Murdoch is expected to resign as chairman of British satellite TV giant BSkyB on Tuesday after a tabloid phone-hacking scandal at his father Rupert's media empire, Sky News reported.Sky News said a board meeting had been convened for later Tuesday at which the 38-year-old would officially step down, following months of pressure from shareholders in the pay-television broadcaster.BSkyB was not immediately available to confirm the report, and a spokeswoman for Rupert Murdoch's US-based News Corporation, the largest shareholder in the broadcaster, declined to comment.

LONDON (AP) -- Shares in British Sky Broadcasting continued to fall on worries that News Corp.'s takeover bid may be blocked because of the phone hacking scandal at its tabloid News of the World....

His resignation from the satellite broadcaster comes ahead of a government report expected to be critical of his handling of the ethics scandal at News Corp.'s British tabloids.James Murdoch's resignation as chairman of satellite broadcaster British Sky Broadcasting comes ahead of a government report expected to be critical of his handling of the ethics scandal at News Corp.'s British tabloids.