Report: James Murdoch next in line to run News Corp

Rupert Murdoch, in a series of dramatic executive level moves, reportedly will shift his son, James, to a new role running News Corp's operations in Europe and Asia. The move reportedly puts James next in line to one day run his father's sprawling media empire. News Corp did not comment. In other developments, Robert Thomson, editor of the Times of London, will become publisher of The Wall Street Journal, and News International Chairman Les Hinton, one of Murdoch's top advisers, has been named chief executive of Dow Jones.

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