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REPORT: RIFT GROWS BETWEEN MURDOCH AND SON

October 19, 2011 by · 1 Comment 

The hacking scandal at Britain’s now-defunct News of the World that occurred under James Murdoch’s watch was only the latest of several contentious incidents that have driven a rift between James and his father Rupert, raising questions about who will eventually succeed the 80-year-old titan as chairman and CEO of News Corp, the New York Times reported today (Wednesday), citing unnamed company officials and others close to the Murdochs. The newspaper said that “clashing visions” between father and son have reached the point that James’s role in the company is now “under threat.” Indeed, the Times disclosed, James met with other senior News Corp executives this summer to consider whether to step down. He may yet do so, the Times implied, noting that “the hacking scandal and the simmering animosity with his father have destabilized his once inexorable ascent within the company.” On Friday, News Corp shareholders are scheduled to meet in Los Angeles to consider whether to reelect the News Corp board. The Murdochs and their allies on the board face a mounting challenge from some major shareholders groups.