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".