2:27 PM, PDT, 7/31/2020
The tycoon sent a letter of resignation on Friday afternoon.
Former 21st Century Fox CEO James Murdoch has resigned from News Corp. Wall Street Journal.
In a resignation letter issued Friday afternoon, Murdoch wrote: “I resign due to disagreements over certain editorial content published by the company’s news outlets and certain other strategic decisions.”;
James Murdoch has served on the Board of Directors of News Corp. since 2013.
News Corp. is one of two media companies controlled by James Father Rupert Murdoch and the Murdoch family. The other is Fox Corp., a major Fox News and Fox broadcast network company that was created after the 21st century Fox sold its entertainment assets to The Walt Disney Company.
Following the sale, Murdoch resigned as CEO of Fox, and his brother Lachlan Murdoch became CEO and Father Rupert became chairman. News Corp., to which it belongs Wall Street Journal, Dow Jones, New York Post, News UK and newspaper and TV assets in Australia are managed by CEO Robert Thomson.
After leaving the Fox fold, Murdoch set up his own company, Lupa Systems, which invested in technology and other firms. Lupa Systems has acquired a stake in Vice Media, a start-up in Betalab, and is seeking a stake in MCH Group, the main company at the Art Basel fair. Lupa Systems and Joe Marchese’s Capital of Focus also acquired a controlling stake in Tribeca Enterprises, the main organization of the Tribeca Film Festival, last year.