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James Murdoch resigns from News Corp. board, citing “disagreements” over editorial content



BUSINESS

2:27 PM PDT 7/31/2020

from

Alex Weprin

The mogul sent her a resignation letter Friday afternoon.

Former Fox 21 Century Fox CEO James Murdoch has resigned from the board of News Corp., the parent company of Wall Street Journal.

In a resignation letter filed Friday afternoon, Murdoch wrote: “My resignation is due to disagreements over some editorial content published by the company media and other strategic decisions.”

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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 parent company of Fox News and the Fox broadcasting network, which was created after 21 Century Fox sold its entertainment assets to the Walt Disney Company.

Murdoch retired as CEO of Fox after the sale, with his brother Lachlan Murdoch becoming CEO, and father Rupert becoming co-chairman. News Corp., which owns Wall Street Journal, Dow Jones, New York Post, UK News and Newspaper and TV Assets in Australia, led by CEO Robert Thomson.

After leaving the Fox fleet, Murdoch started his own company, Lupa Systems, which has invested in technology companies and other firms. Lupa Systems has acquired a stake in Vice Media, the startup of Betalab technology, and is pursuing a stake in MCH Group, the parent company of the Art Basel fair. Lupa Systems and Joe Marchese’s Capital attention also acquired a majority stake in Tribeca Enterprises last year, the parent organization of the Tribeca Film Festival.




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