James Murdoch quits role at BSkyB

James Murdoch has bowed to pressure and resigned as BSkyB chairman after he admitted his links to the News International phone-hacking scandal threatened to damage the satellite broadcaster's reputation.

Mr Murdoch, who relinquished his role as NI executive chairman in February, said he did not want his position to become a "lightning rod" for BSkyB as he stepped down with immediate effect following months of pressure to leave the FTSE 100 company.