James Murdoch resignation
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More on the James Murdoch resignation, from The Sydney Morning Herald. Note the Clinton and Biden connections…
By Natassia Chrysanthos and Zoe Samios
James Murdoch has resigned from the board of News Corporation over a disagreement with its editorial coverage of politics and environmental issues in a move that severs his ties to his family's global media empire.
Mr Murdoch, the youngest son of media mogul Rupert Murdoch, said he would step down as a director of the owner of The Wall Street Journal, The New York Post, The Herald Sun and the right-wing Fox News cable television network immediately.
His decision is not completely unexpected - Mr Murdoch has previously expressed unease with News Corp’s editorial direction - but it does confirm a professional rift in the multibillion-dollar business.
"My resignation is due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions," Mr Murdoch said in a letter to the board on July 31. News Corp confirmed the resignation to the United States Securities and Exchange Commission and said that the board would reduce to 10 directors. Mr Murdoch had been on the board of directors since 2013.
A joint statement from Rupert Murdoch and Lachlan Murdoch wished Mr Murdoch “the very best”.
Part 1 of 2…