This is a big one.
Former 21st Century Fox CEO James Murdoch has resigned from the board of News Corp., the parent company 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."
From Alex Weprin at the Hollywood Reporter:
James Murdoch had been on News Corp.'s board of directors 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 the Fox broadcast network, which was created after 21st Century Fox sold its entertainment assets to The Walt Disney Company.
Murdoch stepped down as Fox CEO following the sale, with his brother Lachlan Murdoch becoming CEO, and father Rupert becoming co-chairman. News Corp., which owns the Wall Street Journal, Dow Jones, New York Post, News U.K. and newspaper and TV assets in Australia, is run by CEO Robert Thomson.
After leaving the Fox fold, Murdoch started his own company, Lupa Systems, which has invested in technology companies and other firms. Lupa Systems has acquired stakes in Vice Media, tech startup Betalab, and is pursuing a stake in MCH Group, the parent company of the Art Basel fair. Lupa Systems and Joe Marchese's Attention Capital also acquired a majority stake in Tribeca Enterprises last year, the parent organization of the Tribeca Film Festival.
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James Murdoch Resigns From News Corp. Board, Citing "Disagreements" Over Editorial Content
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