The younger Murdoch had been in the firing line over the company's response to the phone-hacking scandal.
The line coming from News Corp, the parent company of all Rupert Murdoch's businesses, is this is no big deal. James Murdoch is deputy COO of News Corp and his move to New York has been long planned. News International, which runs News Corp's British newspaper holdings, is a fairly small part of the Murdoch empire, so resigning that title is to be expected.
They can spin it any way they want but you can't tell me that on July 1st of last year that was the plan.