He resigned from the board of News Corp, the publishing house of the family empire, and said the company was abandoning “disagreements over certain editorial content published” by its news services and “certain other strategic decisions.”
James Murdoch, whose older brother Lachlan Murdoch serves as CEO of Fox Corporation, has already left this side of the family business, in part because of his disgust with Fox News.
However, he remained on the News Corp – something that caught the attention of family friends.
The younger Murdoch repeatedly met with the conservative political views of his father and brother, sometimes in public. He donated to Democratic presidential candidate Pete Buttigieg and fought against the denial of climate change.
By remaining on News Corp̵7;s board of directors, he “tested the proposal for change from the inside,” the insider said in an interview earlier this year.
Friday’s move indicates that he has abandoned the proposal.
The News Corp umbrella includes newspapers such as The Wall Street Journal and the New York Post. It also includes the publisher of books HarperCollins and a number of newspapers in the UK and Australia.
A spokesman for James Murdoch had no further comments and said the letter spoke for itself.
In a joint statement, his father, Rupert Murdoch, and his brother, Lachlan, said: “We are grateful to James for his many years of service to society. We wish him good luck in his future endeavors. “
These additional efforts could include further investment in start-ups and other media companies. At the beginning of 2019, he founded the investment company Lupa Systems.
His resignation on Friday from News Corp represents his growing distance from the family business.
However, he is still linked to his family through the Murdoch Family Trust, which has key voting rights in both companies.
Rupert Murdoch has four votes, and his four adult children have four more votes. In the event of Rupert’s death, companies are becoming a source of speculation in the media industry.
On Friday night, a source said the resignation letter was not the result of any sudden action in New York.
On the contrary, the source said that the tension has been building for months.
For example, in January, James and his wife Kathryn joined the criticism of covering fires in Mustoch, Australia.
The spokesman said at the time that James and Kathryn had “well-established” views on climate change and were “particularly disappointed by the continuing denials between intelligence networks in Australia, which was clearly the opposite”.