James Murdoch Steps Down As BSkyB Chairman

Satellite broadcaster British Sky Broadcasting Group Plc or BSkyB, announced Tuesday that Chairman James Murdoch has stepped down from the position. Murdoch is succeeded by Nicholas Ferguson, who is a director of the company since June 2004. Murdoch, the son of 80-year old media mogul Rupert Murdoch, will continue to serve in his capacity as a non-executive director of the company. The move comes a month after Murdoch stepped down as executive chairman of News International.