The president of Nippon Television Network Corp. resigned Monday to take responsibility for a news report that falsely accused the Gifu Prefectural Government of concealing a slush fund.
The report "was erroneous and it was due to my lack of supervision," NTV President Shintaro Kubo, 64, told a news conference. "I would like to make every (NTV) employee aware of the seriousness of the incident."
Chairman Noritada Hosokawa, 68, will now also serve as president, the company said.