The lone Rupert Murdoch family member left at the company, James Murdoch, is leaving his CEO post at British Sky Broadcasting Group Plc (BSkyB) in order to expand his role in the company by running the Asian and European responsibilities of News Corp. (NWS-A).
With the move, it suggests it's setting up James as the heir apparent to the News Corp. throne. Two unidentified sources let the news out, as an official announcement from the company hasn't been made yet, although it's expected any time.
Included with his new responsibilities will be overseeing Sky Italia ... the Italian satellite business, Star pay-television and U.K. newspapers like the Sun and Times of London. His new duties won't include oversight of News Corp. operations in Australia.
Expectations are that Jeremy Darroch, BSkyB's current CFO, will succeed James Murdoch as CEO. Murdoch will also become the chairman of BSkyB, taking his father's place, who is stepping down to make room for him.
This move effectively places James in the No. 3 position in the News Corp. company, behind his father and Peter Chernin, who's president of the firm.
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