August 1, 2020
Media scion James Murdoch quits News Corp board
Former 21st Century Fox chief executive James Murdoch, son of media tycoon Rupert Murdoch, has resigned from News Corp's board, according to a document released Friday by the US Securities and Exchange Commission (SEC).
News Corp owns the Wall Street Journal, the New York Post, The Times and the Sun newspapers among others, but not Rupert Murdoch's Fox News network.
James Murdoch was once seen as his father's successor, but Friday's move reinforces his disengagement from the family media empire, which grew from a newspaper group in Australia.
Murdoch, Rupert's younger son, headed 21st Century Fox until last year when he left after Disney acquired most of the group's assets.
James Murdoch, 47, has recently been critical of his father's business and its media coverage.
In January, he denounced the climate change skepticism of some Murdoch media, citing coverage of the fires which devastated large parts of Australia.
He has launched his own private holding company called Lupa Systems, which among other things has taken a stake in Vice Media.
"We're grateful to James for his many years of service to the company. We wish him the very best in his future endeavors," said Rupert Murdoch, executive chairman of News Corp and James's brother Lachlan Murdoch in a statement.
© 2020 AFP