The mogul despatched a letter of resignation on Friday afternoon.
Former 21st Century Fox CEO James Murdoch has resigned from the board of News Corp., the mother or father firm of the Wall Street Journal.
In a letter of resignation filed Friday afternoon, Murdoch wrote: “My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.”
James Murdoch had been on News Corp.’s board of administrators since 2013.
News Corp. is one in every of two media firms managed by James’ father Rupert Murdoch and the Murdoch household. The different is Fox Corp., the mother or father firm of Fox News and the Fox broadcast community, which was created after 21st Century Fox bought its leisure property to The Walt Disney Company.
Murdoch stepped down as Fox CEO following the sale, together with his brother Lachlan Murdoch changing into CEO, and father Rupert changing into co-chairman. News Corp., which owns the Wall Street Journal, Dow Jones, New York Post, News U.Ok. and newspaper and TV property in Australia, is run by CEO Robert Thomson.
After leaving the Fox fold, Murdoch began his personal firm, Lupa Systems, which has invested in expertise firms and different corporations. Lupa Systems has acquired stakes in Vice Media, tech startup Betalab, and is pursuing a stake in MCH Group, the mother or father firm of the Art Basel truthful. Lupa Systems and Joe Marchese’s Attention Capital additionally acquired a majority stake in Tribeca Enterprises final yr, the mother or father group of the Tribeca Film Festival.