- 21 updates
Labour's Shadow Culture Secretary Harriet Harman has blamed Rupert Murdoch's "monopolistic ownership" of the media for the problems revealed by the Leveson Inquiry:
The head of the Culture, Media and Sport Committee John Whittingdale said he is not surprised by James Murdoch's resignation. He said it was an attempt to "sever the link" between News International and BSkyB.
James Murdoch has been succeeded by Nicholas Ferguson, who previously served as Deputy Chairman of BSkyB and was appointed a director in 2004.
He thanked Mr Murdoch for his "vision, drive and strategic insight" and said he had made an "outstanding contribution" to the company.
He has been chairman of private equity firm SVG Capital Plc since 2005 and is also Chairman of the Courtauld Institute of Art.
In a joint statement, Rupert Murdoch and News Corp president Chase Carey said: "We look forward to BSkyB's continued growth under the leadership of Nicholas Ferguson".
Asked about his reaction to James Murdoch resigning as chairman of BSkyB, David Cameron said: "Well, it is obviously a matter for him, and a matter for the company, and of course its shareholders."
David Elstein, former head of programming at BSkyB, has said that James Murdoch's departure is good news for the company.
He said that it is healthy for BSkyB to have an "independent" chairman with no involvement in News Corporation, which is a 39 percent controlling shareholder.
He told Sky News that Mr Murdoch cannot consider succeeding his father Rupert Murdoch as head of News Corporation until "a substantial period of time has passed".
John Whittingdale, chairman of the Commons Culture, Media and Sport committee, said he was "not wholly surprised" by James Murdoch's decision to resign as chairman of BSkyB.
The committee took evidence from Mr Murdoch, in his capacity as executive chairman of News International, as part of its investigation into phone hacking.
Mr Whittingdale said that he hopes the final report into phone hacking will be published by the end of the month. He said: "We are having a full discussion...and we are endeavouring to reach conclusions that all of us will sign up to."
Read BSkyB's statement on James Murdoch's resignation and his letter to the board here.
Latest ITV News reports
James Murdoch says he resigned to stop BSkyB from being tainted by the phone hacking allegations levelled at News International.
The MPs' report into phone hacking is likely to accuse some witnesses of misleading Parliament. Will James Murdoch be among them?