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@CYOA
@dicki
He retains his position as deputy chief operating officer of newscorp - but instead of a Milan/London base where he was exec chair for newsint, he'll be in New York where he will "assume a variety of essential cororate leadership mandates, with particular focus on important pay-tv businesses and broader international operations."
I'm interested in the fact that his old brother, lachlan (who was previously groomed as the heir apparent for newscorp until his sudden resignation in 2005) was the man at rupert's side last week for the sun on sunday build-up.
It's a pretty big deal as far as the UK press is concerned - this is the first time since 1969 that a murdoch family member hasn't had legal and direct control as a manager of their press assets in this country.
Naturally it's not being spun as a defeat for the sharply tailored mogul, rather an opportunity to do bigger and better things - just so long as those things are 5600 kilometres away...