Murdoch pins his hopes on Elisabeth

Will News Corp boss be allowed to put his eldest daughter on the board?

Elisabeth Murdoch is emerging as the family's favourite to take on a top role at News Corporation, and save the dynasty's succession plans, if James Murdoch is forced out over the phone-hacking scandal.

News Corp insiders said yesterday that the chairman, Rupert Murdoch, wants to speed up plans for Elisabeth, his 42-year-old eldest daughter who runs Shine TV, to join the media group's board in a corporate reshuffle to stem the fallout over the UK newspaper scandal.

Mr Murdoch's push for Elisabeth to join News Corp – which she is due to do at October's annual meeting – comes as a growing number of the group's US investors are claiming that James Murdoch should quit as deputy operating officer because of his role in the phone-hacking and policy bribery affair.

However, other investors and analysts argue that suggestions that Mr Murdoch will continue to push for his family to increase their influence in the company would be met with contempt. Instead,they are hoping Mr Murdoch will hand over the reins to Chase Carey, the chief operating officer, who has a strong reputation on Wall Street.

News Corp already faces one lawsuit in the US from the Amalgamated Bank, claiming that News Corp overpaid for the $615m purchase of Elisabeth's Shine TV production company. Amalgamated, along with other US pension funds, is suing Rupert and James Murdoch over alleged "negligence", arguing that Murdoch junior should step down from News Corp as he bears ultimate responsibility for what went on at the UK newspapers. "Rebekah Brooks was the shield for James. But he has to go too if Murdoch really wants to clean up," said one.

James's position as chairman of BSkyB, which is 40 per cent owned by News Corp, is also being scrutinised by some of the broadcaster's biggest investors. His position is due to be discussed at a meeting of non-executive directors to be held over the next week or so, ahead of BSkyB's annual results, due on 29 July.

One of the City's toughest businessmen, Nicholas Ferguson, the senior independent non-executive director at BSkyB since 2007, will take the lead at the meeting. Ferguson and his fellow directors will have to decide whether the role of James – and News Corp's decision to drop the full takeover bid for the broadcaster – means the relationship with the Murdochs needs to be changed. Several of Sky's big investors have questioned whether corporate governance needs to be changed in the light of the collapse. Shares in BskyB, which have lost billions in value since hopes of a bid receded, recovered slightly on Friday to close at 706p.

The scandal has already cost Les Hinton, chief executive of Murdoch's Dow Jones group and Rebekah Brooks, chief executive of News International, their jobs. Shares in News Corp, which have lost more than $2bn over the past 10 days, despite Murdoch's $5bn share-buy-back plan, firmed to $16 on Friday.

News
people'It can last and it's terrifying'
Sport
Danny Welbeck's Manchester United future is in doubt
footballGunners confirm signing from Manchester United
Sport
footballStriker has moved on loan for the remainder of the season
Sport
footballFeaturing Bart Simpson
PROMOTED VIDEO
New Articles
Olivia Colman topped the list of the 30 most influential females in broadcasting
tv
News
Kelly Brook
peopleA spokesperson said the support group was 'extremely disappointed'
News
The five geckos were launched into space to find out about the effects of weightlessness on the creatures’ sex lives
i100
Life and Style
techIf those brochure kitchens look a little too perfect to be true, well, that’s probably because they are
Sport
Andy Murray celebrates a shot while playing Jo-Wilfried Tsonga
TennisWin sets up blockbuster US Open quarter-final against Djokovic
Arts and Entertainment
Hare’s a riddle: Kit Williams with the treasure linked to Masquerade
booksRiddling trilogy could net you $3m
Arts and Entertainment
Alex Kapranos of Franz Ferdinand performs live
music Pro-independence show to take place four days before vote
News
ebooksAn unforgettable anthology of contemporary reportage
News
news Video - hailed as 'most original' since Benedict Cumberbatch's
News
i100
Life and Style
The longer David Sedaris had his Fitbit, the further afield his walks took him through the West Sussex countryside
lifeDavid Sedaris: What I learnt from my fitness tracker about the world
Arts and Entertainment
Word master: Self holds up a copy of his novel ‘Umbrella’
booksUnlike 'talented mediocrity' George Orwell, you must approach this writer dictionary in hand
News
i100
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SQL Implementation Consultant (VB,C#, SQL, Java, Eclipse, integ

£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...

Head of IT (Windows, Server, VMware, SAN, Fidessa, Equities)

£85000 per annum: Harrington Starr: Head of IT (Windows, Server, VMware, SAN, ...

Technical Software Consultant (Excel, VBA, SQL, JAVA, Oracle)

£40000 - £50000 per annum: Harrington Starr: You will not be expected to hav...

SQL DBA/Developer

£500 per day: Harrington Starr: SQL DBA/Developer SQL, C#, VBA, Data Warehousi...

Day In a Page

'I’ll tell you what I would not serve - lamb and potatoes': US ambassador hits out at stodgy British food served at diplomatic dinners

'I’ll tell you what I would not serve - lamb and potatoes'

US ambassador hits out at stodgy British food
Radio Times female powerlist: A 'revolution' in TV gender roles

A 'revolution' in TV gender roles

Inside the Radio Times female powerlist
Endgame: James Frey's literary treasure hunt

James Frey's literary treasure hunt

Riddling trilogy could net you $3m
Fitbit: Because the tingle feels so good

Fitbit: Because the tingle feels so good

What David Sedaris learnt about the world from his fitness tracker
Saudis risk new Muslim division with proposal to move Mohamed’s tomb

Saudis risk new Muslim division with proposal to move Mohamed’s tomb

Second-holiest site in Islam attracts millions of pilgrims each year
Alexander Fury: The designer names to look for at fashion week this season

The big names to look for this fashion week

This week, designers begin to show their spring 2015 collections in New York
Will Self: 'I like Orwell's writing as much as the next talented mediocrity'

'I like Orwell's writing as much as the next talented mediocrity'

Will Self takes aim at Orwell's rules for writing plain English
Meet Afghanistan's middle-class paint-ballers

Meet Afghanistan's middle-class paint-ballers

Toy guns proving a popular diversion in a country flooded with the real thing
Al Pacino wows Venice

Al Pacino wows Venice

Ham among the brilliance as actor premieres two films at festival
Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

Neil Lawson Baker interview

‘I’ve gained so much from art. It’s only right to give something back’.
The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model for a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering