As the phone hacking scandal that roiled his father's international news company deepened, James Murdoch is stepping down as Executive Chairman of News International.
The AP reports that News Corp., owned by James' father Rupert Murdoch, said he was stepping down "to focus on the company's international TV business."
We'll have more on this story as it develops.
Update at 9:28 p.m. ET. Murdoch's Statement:
The AP says that in a statement, the 39-year-old thanked his colleagues for working "tirelessly to inform the public" and also praised the newly-launched British newspaper The Sun.
