News Corp. backs Murdoch as CEO

Associated Press
FILE  This is a Sunday, July 10, 2011 file photo of  Chairman of News Corporation Rupert Murdoch, right, and his son James Murdoch, chief executive of News Corporation Europe and Asia as they arrive at his residence in central London, Sunday, July 10, 2011.   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)

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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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