Former 21st Century Fox chief executive James Murdoch, the son of media tycoon Rupert Murdoch, has resigned from News Corp’s board over certain editorial content published by the company’s media outlets, the news publisher disclosed in a regulatory filing on Friday.
The 47-year-old once seen as his father’s successor has been openly critical of some media coverage from publishing empire News Corp’s outlets in recent months.
While tendering the resignation, Murdoch also cited differences over certain strategic decisions of the company.
The departure of the son of media tycoon Rupert Murdoch would leave the News Corp board with 10 directors.
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.
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The company in May had posted a $1 billion quarterly loss due to a writedown in the value of its Australian pay TV unit and the impact of the COVID-19 pandemic on its businesses.
Source: Thanks WIONews.com