England, James Murdoch | featured news

James Murdoch, the executive at the epicenter of the phone hacking scandal at his father's British newspapers, is stepping down as executive chairman of News Corp.'s U.K. newspaper arm, the company announced Wednesday.

British lawmakers said on Friday it was likely News Corp's James Murdoch would be recalled to clarify details about evidence on phone hacking he gave to a parliamentary committee, following claims his testimony was "mistaken."

Rupert Murdoch on Thursday caved in to pressure from Britain's parliament to answer questions over alleged crimes at one of his newspapers and denied that News Corp was drawing up plans to separate its newspaper holdings.

The News of the World, the British tabloid newspaper beset with a widening phone-hacking scandal, will shut down as result of the imbroglio, a top executive of its parent company said Thursday. The News, a feisty, hugely profitable daily that has been continuously published for 168 years, will cease publishing on Sunday, said James Murdoch, the son of media baron Rupert Murdoch, whose News Corp. owns the newspaper.