James Murdoch resigns from the News Corp. board
James Murdoch has ended his day-to-day connection to the family business
James Murdoch, the former 21st Century Fox CEO, resigned from News Corp.'s board Friday afternoon.
The son of founder Rupert Murdoch, and brother of Fox Corp. CEO and News Corp. Co-Chairman, Lachlan Murdoch, cited editorial differences.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NWS | NEWS CORP. | 25.26 | +0.48 | +1.94% |
APPLE SOARS TO RECORD, LIFTING DOW, S&P, NASDAQ TO 4TH STRAIGHT MONTHLY GAINS
"My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions,” Murdoch wrote in a resignation letter.
The Murdochs, in a statement to FOX Business, thanked James for his contributions.
"We’re grateful to James for his many years of service to the company. We wish him the very best in his future endeavors," Rupert and Lachlan Murdoch said in a statement.
The Murdoch's are majority shareholders in both News Corp. and Fox Corp.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| FOXA | FOX CORP. | 32.11 | +0.45 | +1.42% |
TIKTOK IS SHOPPING ITSELF AND MICROSOFT IS INTERESTED
News Corp. is the parent company of news outlets The Wall Street Journal, The New York Post, The Sun in the United Kingdom as well as newspaper and TV assets in Australia.
Fox Corp. is the parent company of FOX Business and Fox News.