03/28/2008 02:45 am ET | Updated May 25, 2011

Rupert Murdoch's Son James Positioned As News Corp Heir Apparent

Rupert Murdoch tapped his son James Murdoch to take over News Corp's Asia and Europe operations, according to a source familiar with the matter, in a move that appears to position him as the global media empire's heir apparent.

James, 34, will step down as chief executive of satellite television operator British Sky Broadcasting. Sky Chief Financial Officer Jeremy Darroch is expected to become CEO, the source said.

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