James Murdoch resigns as exec chair of News Intl

Chief executive of News Corporation Europe and Asia, James Murdoch arrives at News International headquarters in London, Tuesday, July 19, 2011. (AP Photo/Sang Tan)

February 29, 2012 6:44:08 AM PST
James Murdoch is stepping down as executive chairman of News Corp.'s U.K. newspaper arm, the company said Wednesday.