Rupert Murdoch’s youngest son is leaving News Corp over “editorial disagreements”
Rupert Murdoch’s youngest son is resigning from News Corp’s board of directors for reasons of editorial “disagreements.” He had previously left Fox Corporation while remaining on the board, until Friday’s announcement of his resignation. It was reported that his reason for staying in the board was to make “change from the inside,” however that intention is apparently now left behind.
News Corp is a media business with several publications including The Wall Street Journal, New York Post, and UK’s The Times. James’ exit would leave the news company with ten directors.
James was known to have argued with the news organization several times and had opposed the conservative views of both his father and older brother, Lachlan Murdoch who became chief executive officer for Fox Corporation after the media giant had sold its entertainment businesses for $71 billion to another media behemoth Walt Disney company. Rupert’s youngest had even shown support to Democratic presidential candidate Pete Buttigieg. He and wife Kathryn Murdoch were also completely critical of denialism of climate change within publications owned by News Corp.
WHOA. James Murdoch has resigned from the board of News Corp. Per the company "Mr. Murdoch informed the Company that his resignation was due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions."
— Alex Weprin (@alexweprin) July 31, 2020
Exiting Family Business
His older brother also commented on James’ departure. Lachlan said, “We’re grateful to James for his many years of service to the company. We wish him the very best in his future endeavors.”
According to James in his letter of resignation that was part of the SEC filing, “My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.” James gave no further comment regarding the issue.
Last week, several WSJ journalists voiced out concerns regarding the publication’s lack of transparency and fact-checking. Meanwhile, The Journal, owned by Rupert’s company, had their editorial team respond with: “As long as our proprietors allow us the privilege to do so, the opinion pages will continue to publish contributors who speak their minds within the tradition of vigorous, reasoned discourse.”
Per an article in Bloomberg, James’ focus is now on establishing his own media and technology properties, while also not hesitant in speaking out how his previous company was run. He has an investment firm called Lupa Systems, which backs media and technology companies like Norwegian drones or virtual reality businesses. Part of his cut from the Disney deal is reported to be invested to media assets.