14:27 PDT 31/07/2020
The tycoon sent a letter of resignation on Friday afternoon.
Former 21st Century Fox CEO James Murdoch has resigned from the board of News Corp., the company’s parent company Wall Street Journal.
In a letter of resignation filed Friday afternoon, Murdoch wrote, “My resignation is due to disagreements over certain editorial content published by the Company̵7;s communications points and some other strategic decisions.”
James Murdoch had 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 broadcast network, created after 21st Century Fox sold its entertainment assets to The Walt Disney Company.
Murdoch left the post of CEO of Fox after the sale, with his brother Lachlan Murdoch becoming CEO, and Father Rupert becoming co-chair. News Corp., owner of the directory Wall Street Journal, Dow Jones, New York Post, UK news and newspaper and television assets in Australia, is headed by CEO Robert Thomson.
After leaving Fox, Murdoch started his own company, Lupa Systems, which he has invested in technology companies and other companies. Lupa Systems has acquired stakes in the company Betalab, aimed at Vice Media, and has a stake in MCH Group, parent company of the Art Basel fair. Lupa Systems and Joe Marchese, Attention Capital, also acquired a majority stake in Tribeca Enterprises last year, the parent organization of the Tribeca Film Festival.