The mogul sent a letter of resignation on Friday afternoon.
Previous 21st Century Fox CEO James Murdoch has resigned from the board of Information Corp., the father or mother enterprise of the Wall Road Journal.
In a letter of resignation submitted Friday afternoon, Murdoch wrote: “My resignation is thanks to disagreements around specified editorial articles posted by the Company’s information shops and particular other strategic selections.”
James Murdoch had been on News Corp.’s board of directors considering that 2013.
News Corp. is 1 of two media businesses controlled by James’ father Rupert Murdoch and the Murdoch loved ones. The other is Fox Corp., the guardian business of Fox News and the Fox broadcast community, which was established just after 21st Century Fox offered its enjoyment belongings to The Walt Disney Business.
Murdoch stepped down as Fox CEO subsequent the sale, with his brother Lachlan Murdoch becoming CEO, and father Rupert turning into co-chairman. News Corp., which owns the Wall Road Journal, Dow Jones, New York Publish, News U.K. and newspaper and Television property in Australia, is run by CEO Robert Thomson.
After leaving the Fox fold, Murdoch started out his very own organization, Lupa Systems, which has invested in technology companies and other corporations. Lupa Systems has acquired stakes in Vice Media, tech startup Betalab, and is pursuing a stake in MCH Team, the parent company of the Artwork Basel reasonable. Lupa Techniques and Joe Marchese’s Interest Cash also obtained a the vast majority stake in Tribeca Enterprises last yr, the mother or father business of the Tribeca Movie Pageant.