Yesterday James Murdoch was roundly condemned by the UK media regulator OFCOM for his poor performance in his executive role.
The regulator said: "Ofcom considers on the basis of the evidence available to date... James Murdoch's conduct in relation to events at NGN [the newspaper group] repeatedly fell short of the conduct to be expected of him as a chief executive officer and chairman.BBC News - Ofcom says Sky fit and proper, but James Murdoch rapped
"We consider James Murdoch's conduct, including his failure to initiate action on his own account on a number of occasions, to be both difficult to comprehend and ill-judged.
"We consider that the events... raise questions regarding James Murdoch's competence in the handling of these matters, and his attitude towards the possibility of wrongdoing in the companies for which he was responsible," Ofcom said.
How does Newscorp respond?
Well firstly it disputes the report, when you would think the best strategy would be to go away for several months and lick its wounds, but then it responds this way
So is this the quickest resurection from Corporate death since Jesus? (and does Rupert think he's god)?
James Murdoch is being lined up for an expanded role at News Corp, the media empire controlled by his father, according to reports.
Mr Murdoch, 39, who gave up his main executive jobs in the UK earlier this year, is said to be taking charge of News Corp's US television businesses.
The Financial Times and News Corp-owned Wall Street Journal newspapers carried the reports.
10:50 AM PT: Commentary from America
News Corp shareholders have reacted angrily to news thatJames Murdoch could soon run the media giant's flagship Fox TV channel.
The son of News Corp chairmanRupert Murdoch was heavily criticised on Thursday by British regulators over his role in the hacking scandal. On the same day, news broke he may soon be given control of some of the media firm's most high profile assets.
One dissident shareholder called the news a "slap in the face for shareholders, not to mention victims of the hacking scandal".