Murdoch's son will not succeed him as CEO

August 11, 2011 12:27

Rupert Murdoch acknowledged for the first time publicly that his son James is not the preferred choice to succeed him as News Corp CEO, at least in the near-term, says a reuters report. In the clearest indication yet that the phone hacking scandal enveloping News Corp's U.K. operations has damaged the succession ambitions of James Murdoch, his father endorsed top lieutenant Chase Carey for the job.

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