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(Image from article: "Murdoch Drops Bid for British Sky Broadcasting")

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James Murdoch resigns from BSkyB

James Murdoch, son of media magnate Rupert Murdoch, is expected to step down as chairman of BSkyB, a longtime investor in the broadcaster told CNN today.

Murdoch Drops Bid for British Sky Broadcasting

Rupert Murdoch's dream of controlling a British broadcasting behemoth turned to ashes Wednesday as he withdrew his bid for BSkyB — the latest, biggest casualty of what Prime Minister David Cameron called the hacking "firestorm" sweeping through British politics, media and police.

Murdoch pressured to reconsider BSkyB bid

Britain was looking for a way out of approving media baron Rupert Murdoch's multi-billion dollar deal to buy broadcaster BSkyB amid a phone-hacking scandal.

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