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James Murdoch resigns from News Corps board over editorial content disagreements

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https://www.usatoday.com/story/money/2020/07/31/james-murdoch-resigns-news-corp-editorial-content/5559450002/

James Murdoch resigned Friday from the board of News Corp, effective immediately, due to “disagreements over certain editorial content” published by the company’s news outlets, which include The Wall Street Journal and the New York Post.

Murdoch’s resignation letter:

I hereby tender my resignation as a member of the Board of Directors of News Corporation (the “Company”), effective as of the date hereof. My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.

News Corp, controlled by James’ father Rupert Murdoch and the Murdoch family, oversees HarperCollins, Storyful, Realtor.com, the New York Post and Dow Jones (The Wall Street Journal’s parent company).

James Murdoch, former CEO of 21st Century Fox.

“We’re grateful to James for his many years of service to the company. We wish him the very best in his future endeavors,” said Rupert Murdoch, executive chairman for News Corp, in a statement. .

Rupert Murdoch also controls Fox Corporation, the parent company of Fox News. James Murdoch had been the CEO of Fox prior to Disney’s $71.3 billion deal for 21st Century Fox’s movie and TV studios and other assets, which became official in March 2019. Now, the elder Murdoch and son Lachlan serve as Fox chairman and CEO, respectively.

James Murdoch is also on the board of Tesla and is founder and CEO of Lupa Systems, a New York private investment company founded in 2019

As a result of James Murdoch’s resignation, the size of News Corp’s board is reduced to 10 directors.

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