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James Murdoch, deputy chief operating officer, has relinquished his position as executive chairman of News International, its UK publishing unit," News Corp said in a statement. "Tom Mockridge, chief executive officer of News International, will continue in his post and will report to News Corporation president and COO [chief operating officer] Chase Carey."
News Corporation and MOBY Group (MOBY) announced that they have reached an agreement under which News Corporation will become a minority investor in MOBY, a media company headquartered in Dubai and active in Central Asia, principally Afghanistan, and the Middle East.



Zawya Dow Jones reports that U.K. pay television operator British Sky Broadcasting Group PLC (BSY.LN) said Monday it has struck a joint venture with a private investment company owned by Sheikh Mansour bin Zayed Al Nahyan to launch a free-to-air Arabic-language news channel across the Middle East and North Africa region from 2012.

RapidTVNews reports that James Murdoch has met with Arab media magnet Prince Alwaleed in Riyadh. Prince Alwaleed bin Talal holds a 5.7% voting stake in News Corp and is the second largest individual shareholder.