News Corp. heir apparent James Murdoch resigns from London post

A British parliamentary committee next month is expected to issue a report criticizing his handling of the phone hacking and bribery scandal engulfing the company's British tabloid newspapers.

The phone hacking and bribery scandal engulfing News Corp.'s British tabloid newspapers claimed its most prominent casualty yet as James Murdoch, heir apparent to the $60-billion media empire, announced he was stepping down from his corporate leadership position in London.

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