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REPORT: Murdoch Considering Stepping Down As News Corp. CEO

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According to reports by CNBC, Rupert Murdoch is considering stepping down as CEO of News Corporation amid the hacking scandal in the United Kingdom and potential investigations in the United States. British police yesterday arrested Rebekah Brooks, the former CEO of News Corp.’s News International group who resigned amid controversy just days ago. Britain’s two top police officials also resigned under a cloud over the past two days amid growing allegations of improper relationships between Scotland Yard officials and News International employees.