Revolving Door: More Murdoch News, An 'InStyle' App, and More

Sources  in the know are murmuring about the possibility that James Murdoch will step out of the picture at News Corp. During his appearance on the earnings conference call last week, Rupert Murdoch said COO Chase Carey was his right-hand man, seeding the idea that Murdoch is not next in line to the top. News Corp. denies this. Arrests related to the phone hacking scandal continue and a letter has surfaced indicating that those in charge knew hacking was happening.