James Murdoch quits BSkyB

James Murdoch has stepped down as chairman of BSkyB after months of pressure over the phone hacking scandal at News International.

ITV News understands MPs examining the issue are split on whether he misled Parliament over his role.

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Harman attacks Rupert Murdoch's 'monopolistic ownership'

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:

Changes at the top of BSkyB should not distract us from the fundamental, structural problems of media ownership. [Rupert] Murdoch owns too many newspapers...The problems revealed by the Leveson Inquiry are a result of the absence of a proper complaints system and too great a concentration of media power...It is clear that there is a fundamental problem of monopolistic ownership.

Who is James Murdoch's successor?

James Murdoch has been succeeded by Nicholas Ferguson, who previously served as Deputy Chairman of BSkyB and was appointed a director in 2004.

Nicholas Ferguson, the new chairman of BSkyB Credit: BSkyB

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".

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Murdoch's departure 'good news' for BSkyB

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".

Phone hacking report 'could be published by late April'

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."

News Corporation: 'grateful for James Murdoch's successful leadership of BSkyB'

We are grateful for James Murdoch's successful leadership of BSkyB. He has played a major role in propelling the company into the market-leading position it enjoys today – and in the process has been instrumental in creating substantial value for News Corporation shareholders.

We look forward to BSkyB's continued growth under the leadership of Nicholas Ferguson and Jeremy Darroch and to James' continued substantial contributions at News Corporation.

– Rupert Murdoch, Chairman and CEO of News Corporation and Chase Carey, President and Chief Operating Officer, News Corporation
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