2:27 PM PDT 7/31/2020
The mogul sent a resignation letter on Friday afternoon.
Former 21st Century Fox CEO James Murdoch has resigned from News Corp., the parent company Wall Street Journal.
In a resignation letter filed Friday afternoon, Murdoch wrote: “My resignation was due to disagreements over certain editorial content published by the Company’s news outlets and some strategic decisions.”;
James Murdoch is 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., the parent company of Fox News and Fox broadcast network, created after the 21st Century Fox to sell its recreational assets to The Walt Disney Company.
Murdoch stepped down as Fox CEO following the sale, with his brother Lachlan Murdoch as CEO, and father Rupert as co-chairman. News Corp., which owns Wall Street Journal, Dow Jones, New York Post, News UK and Australian newspaper and TV assets, is managed by CEO Robert Thomson.
After leaving the Fox fold, Murdoch started his own company, Earth Systems, which invested in technology companies and other companies. Lupa Systems won stakes in Vice Media, tech startup Betalab, and is pursuing a stake in MCH Group, the parent company of the Art Basel fair. Land Systems and Joe Marchese’s Big Capital attention also gained a huge stake in Tribeca Enterprises last year, the parent organization of the Tribeca Film Festival.