James Murdoch resigns from news corp, ending role in family empire
James Murdoch wants the world to know he is out of the family business.
Once considered a potential successor to Rupert Murdoch, James Murdoch on Friday resigned from the board of the newspaper publisher News Corp, severing his last corporate tie to his father’s global media empire.
“My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions,” Murdoch, 47, wrote in his resignation letter, which News Corp disclosed in a filing shortly after the close of business Friday.
The two sides began discussing Murdoch’s departure from the News Corp board earlier this year, according to two people with knowledge of the matter.
But his terse resignation note belied the behind-the-scenes drama that has brought Murdoch to this point in his life and career. And it widened the schism that has emerged between James and his 89-year-old father and his older brother, Lachlan, once a dynastic triumvirate that for years held sweeping influence over the world’s cultural and political affairs.