News Corp. backs Murdoch as CEO

Associated Press
FILE - In this July 19, 2011 file photo, chief executive of News Corporation for Europe and Asia, James Murdoch, arrives at the News International headquarters in London.  Rupert Murdoch's News Corp. says James Murdoch is stepping down as executive chairman of the company's U.K. newspaper arm.  News Corp. said Wednesday Feb. 29, 2012 James Murdoch has relinquished his position at News International to focus on the company's international TV business. (AP Photo/Sang Tan, file)

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A day after the Parliament committee investigating phone-hacking declared Rupert Murdoch "not fit" to lead a major media company, News Corp.'s board of directors announced on May 2 its full vote of "confidence" in their chairman and chief executive.

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