April 03, 2012 10:11 am ET
Due to the ongoing investigation of the News Corp. phone-hacking scandal, James Murdoch has stepped down as chairman of UK satellite broadcaster BSkyB. BBC reported:
James Murdoch has resigned his role as chairman of UK satellite broadcaster BSkyB, but will remain on the board.
His father Rupert founded its parent company News Corporation, which had to drop its bid for BSkyB amid a phone-hacking scandal at a UK newspaper.
James Murdoch said in a statement that he did want want BSkyB to be undermined by "matters outside this company".
Sources told Robert Peston, the BBC's business editor, that it was Mr Murdoch's own decision to leave.
Mr Murdoch said on Tuesday: "As attention continues to be paid to past events at News International, I am determined that the interests of BSkyB should not be undermined by matters outside the scope of this company.
"I am aware that my role as chairman could become a lightning rod for BSkyB and I believe that my resignation will help to ensure that there is no false conflation with events at a separate organisation."
In February, James Murdoch resigned as chairman of News International.
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