Revolving Door: AOL Layoffs, 'New York's New Design Mag, and More


James Murdoch has resigned from his role as executive chairman of News International, the UK publishing group that has been embroiled in the infamous phone-hacking scandal. In a statement from his dad, Rupert Murdoch says, “Now that he has moved to New York, James will continue to assume a variety of essential corporate leadership mandates, with particular focus on important pay-TV businesses and broader international operations.” However, shareholders want him gone all together. They may get their wish, as insiders say that it’s becoming increasingly difficult for James Murdoch to hang on while the scandal still unfolds.

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