James Murdoch can’t quit quitting. Just last week he stepped down from his sixth executive position, and now The Guardian is reporting that Murdoch is vacating his position as CEO and Chairman of BSkyB. Murdoch has held the position at the company since 2003, and his departure means there is now no family member holding a top spot at the broadcaster for the first time in several years.
Murdoch has now stepped down from seven executive positions. His BkyB departure is hardly surprising, and as the language of this joint statement from Rupert Murdoch and Chase Carey indicates, no one is exactly pleased about the ordeal:
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.