Deals
Murdochs Are Next Target of U.K. Lawmakers as Brooks Steps Down
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News Corp. Chairman Rupert Murdoch and his son, James, are under mounting pressure from U.K. lawmakers to take responsibility for a phone-hacking scandal after bowing to calls for Rebekah Brooks to resign.
Some people close to the Murdoch family and News Corp.’s directors think it would make sense for Murdoch to relinquish his job as chief executive officer and stay on as chairman. Although a leadership change hasn’t been formally discussed by the board, the situation is fluid and everything is possible, said one of the people, who wouldn’t be identified because the matter isn’t public.