02:27 PM PDT 31/07/2020
The mogul sent a letter of resignation on Friday afternoon.
21st Century Fox CEO James Murdoch has resigned from the board of News Corp., the leading company of Wall Street Journal.
In a resignation letter filed Friday afternoon, Murdoch wrote: “My resignation is due to a disagreement over certain editorial content published by the Company̵7;s news outlets and certain other strategic decisions.”
James Murdoch has been on the board of directors of News Corp. since 2013.
News Corp. is one of two media companies controlled by James Rupert Murdoch’s father and the Murdoch family. The other is Fox Corp., the flagship company of Fox News and the Fox broadcasting network, which was created after 21st Century Fox sold its entertainment assets to The Walt Disney Company.
Murdoch dropped as CEO of Fox after sales, with his brother Lachlan Murdoch becoming CEO, and Rupert’s father becoming co-president. News Corp., which owns the Wall Street Journal, Dow Jones, New York Post, The UK News and newspaper and TV asset in Australia, is headed by Chief Executive Robert Thomson.
After leaving poor Fox, Murdoch started his own company, Lupa Systems, which he invested in technology companies and other firms. Lupa Systems has acquired shares in Vice Media, Betalab’s technology startup, and is pursuing a stake in the MCH Group, the leading company of the Art Basel trade fair. Last year, Lupa Systems and Attention Capital Joe Marchese acquired a majority stake in T Tribeca Enterprises, the leading organization of the Tribeca Film Festival.