James Murdoch has stepped down as Chairman of News International, his father’s UK newspaper business which owns publications such as the Sun and the Times, in order to extend his successful destruction of his family’s businesses to the US.
Mr Murdoch Jr will remain at parent group News Corporation, run by his parent, where his job title will be CEO (Chief Executive Offspring).
Mr Murdoch, 39, said:
I deeply appreciate the dedication of my many talented colleagues at News International who worked tirelessly in the face of my family’s nepotism.
James Murdoch will also remain chairman at satellite broadcaster BSkyB, despite his obvious uselessness, mainly because his father’s News Corporation owns 39% of the shares.
In a statement, his father Rupert Murdoch said:
We are all grateful for James’ leadership at News International and across Europe and Asia, where he has made lasting contributions to the group’s nepotism strategy and its efforts to improve and enhance money-making programs for the most useless members of my family.
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