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. Reuters Peter Lauria breaks down the story above.
According to PandoDaily, AOL will layoff hundreds of employees next week, many in the hyperlocal Patch division.
New York magazine is launching a new publication focused on home design. New York Design Hunting will be published annually, coinciding with the International Contemporary Furniture Fair. Longtime design editor Wendy Goodman will lead the coverage.
James O’Keefe, a right-wing favorite who has launched attacks against Planned Parenthood, NPR, and the now-defunct liberal activist group ACORN, has filed a defamation lawsuit against Keith Olbermann, Current TV, and their guest host David Shuster. The lawsuit alleges that O’Keefe was wrongfully labeled a “convicted felon” who had been accused of rape. O’Keefe has pleaded guilty to a misdemeanor charge and was accused of harassment. The harassment charge was dropped. [via, via]
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Nelson Wang has been named personal finance editor, front page, atYahoo. He had been senior editor at CBS MoneyWatch. (mb)
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