2:27 PM PDT 7/31/2020
The tycoon resigned 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 newsletters and some other strategic decisions.”
James Murdoch was on the board of directors of News Corp. from 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, which was formed after 21st Century Fox sold its entertainment assets to The Walt Disney Company.
Murdoch resigned as Fox’s chief executive after the sale, with his brother Lachlan Murdoch becoming chief executive and father Rupert co-chairs. News Corp., which owns Wall Street Journal, Dow Jones, New York Post, UK News and Newspapers and Television Assets in Australia, is managed by CEO Robert Thomson.
After leaving Fold Fox, Murdoch started his own company, Lupa Systems, which invests in technology companies and other companies. Lupa Systems has acquired stakes in Vice Media, technology start-up Betalab 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, the parent organization of the Tribeca Film Festival.