Phone hacking toll grows as James Murdoch quits BskyB; Murdoch family succession in tatters

Rupert Murdoch's media dynasty has taken yet another blow with James Murdoch resigning as chairman of News Corporation's British pay TV arm, BSkyB.

James Murdoch is facing more questions about the phone hacking scandal gripping News Corporation and says he didn't want the fallout to tarnish BSkyB's reputation.

But it all but confirms that James Murdoch is no longer the most likely successor to his father at News Corporation.

Here's my coverage and analysis broadcast on the ABC's The World Today.