The hacking and bribery scandal plaguing Rupert Murdoch's publishing empire has claimed its most high profile name yet. James Murdoch, Rupert's youngest son, resigned today as the executive chairman of the company's newspaper division.

James has been at the center of several investigations into News Corp's hacking practices into phones, an embarrassment that has cost the company nearly $200 million so far.

James Murdoch will focus on expanding News Corp.'s international television businesses, the company said in a statement.

Guest:

Sarah Lyall, London-based reporter for the New York Times.