News Corp. chairman and CEO Rupert Murdoch assured Wall Street on Wednesday that the company’s phone-hacking scandal has had no material impact on properties outside the News of the World and said that he would not be relinquishing any of his duties to second in command, Chase Carey, any time soon.
"The board and I believe I should continue in my current role of Chairman and CEO, but make no mistake, Chase Carey and I run this company as a team," Murdoch told analysts during a conference call to discuss the company’s fiscal fourth quarter and full year results, which reflected its MySpace write-down.