DEAL
2:27 PM PDT 07/31/2020
by
Alex Weprin
The magnate sent a letter of resignation on Friday afternoon.
Former 21st 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 certain editorial content published by the Company’s media and certain other strategic decisions.”
James Murdoch had been on the News Corp. board of directors 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., the parent company of Fox News and the Fox broadcast network, which was created after 21st Century Fox sold its entertainment assets to The Walt Disney Company.
Murdoch stepped down as Fox CEO after the sale, with his brother Lachlan Murdoch as CEO and his father Rupert as co-chair. News Corp., owner of the Wall street journalDow Jones New York Post, News UK and the newspaper and television assets in Australia are managed by CEO Robert Thomson.
After leaving Fox, Murdoch started his own company, Lupa Systems, which has invested in technology companies and other companies. Lupa Systems has acquired stakes in Vice Media, technology startup Betalab, and is seeking a stake in MCH Group, the parent company of the Art Basel fair. Lupa Systems and Joe Marchese’s Attention Capital also acquired a majority stake in Tribeca Enterprises last year, the parent organization of the Tribeca Film Festival.
