2:27 PM PDT 7/31/2020
Mogal sent a letter of resignation on Friday afternoon.
Former 21st-century Fox CEO James Murdoch has resigned from the board of News Corp, the parent company Wall Street Journal.
In a letter of resignation filed on Friday afternoon, Murdoch wrote: “My resignation is due to disagreements over some editorial material published by the company’s news outlets and some other strategic decisions.”
James Murdoch was on the board of directors of News Corp since 2013.
News Corp is one of two media companies controlled by James’s father Rupert Murdoch and the Murdoch family. The second is Fox Corporation, the parent company of Fox News and sold its entertainment assets to The Walt Disney Company, a Fox broadcasting network formed after the 21st century.
Murdoch stepped in as Fox CEO after the sale, with his brother Lachlan becoming Murdoch CEO and father Rupert becoming co-chairman. News Corporation, which owns Wall Street Journal, Dow Jones, New york post, News and TV property in the UK and 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 placed stakes in Vice Media, tech startup Betalab, and is acquiring a stake in MCH Group, the parent company of the Art Basel fair. Lupa Systems and Joe Marches Attention Capital also acquired a major stake in Tribeca Enterprises last year, the parent organization of the Tribeca Film Festival.