James Murdoch resigns from News Corp

James Murdoch has resigned from the News Corporation board

He resigned from the board of directors of the family’s publishing empire, News Corporation, and said he was leaving the company’s news outlets with “disagreements over some of the editorial content published” and “some other strategic decisions.”

As CEO of Fox Corporation, James Murdoch, whose older brother Lachlan Murdoch has already left that side of the family business, is partly because of his hatred of Fox News.

However, he remained on the board of the News Corporation – something that interested family friends.

Little Murdoch repeatedly clashed with the conservative political views of his father and brother, sometimes even in public. He gave grants to Democratic presidential candidate Pete Batigieg and gave the foundation about denying climate change.

Sitting on the board of the news corporation, he was “examining the proposal for change from within,” an insider said in an interview earlier this year.

Friday’s move indicates he has dropped the offer.

The News Corporation umbrella includes papers such as the Wall Street Journal and the New York Post. It also includes HarperCollins, the book’s publisher, and a newspaper in the United Kingdom and Australia.

A spokesman for James Murdoch declined to comment further, saying the letter spoke for itself.

In a joint statement, his father Rupert Murdoch and brother Lachlan said, “We are grateful to James for his many years of service at this company. We wish him all the best in his future endeavors.”

These subsequent efforts may include additional investment in news startups and other media ventures. He launched an investment firm called Lupa Systems in early 2019.

His Friday resignation from the News Corps represents his growing distance from the family business.

But he is still connected to the family through the Murdoch Family Trust, which is part of the core voting in both organizations.

The trust has four votes from Rupert Murdoch and the remaining four votes from his four adult children. What happens to companies in the wake of Robert’s death is a constant source of speculation in the media industry.

A source on Friday night indicated that the resignation was not the result of an accidental move inside New York.

On the contrary, the source said, tensions had been rising for months.

In January, for example, James and his wife, Catherine, joined in criticizing the wildfire coverage of Murdoch’s property in Australia.

A spokesman said at the time that James and Catherine had “well-established” views on climate change and that “there was clear evidence of the opposite, especially in the face of the ongoing denials in the Australian press.”

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