News Corp denies Murdoch to stand down

News Corp board member Thomas Perkins says embattled Chief Executive Rupert Murdoch has the full support of the company's board of directors, and is not considering elevating a senior executive to replace him amid a phone-hacking scandal in Britain.

In an interview with The Associated Press, Perkins said the News Corp board is not considering elevating Chief Operating Officer Chase Carey to take over as CEO.

A Bloomberg News report said the board considered the company's succession plan, including naming Carey as CEO.

Perkins said a succession plan has long been in place but has not been brought up in light of recent revelations that News Corp journalists hacked phones and may have paid British police for scoops.

Murdoch is to testify before British lawmakers tomorrow(NZT).