James Murdoch Out As BSkyB Chairman: Reports

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Image from a quicklink Media executive James Murdoch, under pressure over his role in Britain's tabloid phone hacking scandal, has stepped down as chairman of British Sky Broadcasting PLC, the company announced Tuesday.

BSkyB said he would be replaced as chairman by Nicholas Ferguson, the previous deputy chairman. Murdoch remains a member of the BSkyB board.

It was the latest setback for Murdoch, 39, a top executive in his father Rupert Murdoch's global media empire. Murdoch -- the former head of his father's British newspaper division -- has been facing severe criticism as a result of the phone hacking scandal that brought down the company's News of the World tabloid in Britain.

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