MUMBAI: Truly, a saga has come to an end. James Murdoch once considered to be the successor to Rupert Murdoch has resigned from the News Corp board yesterday. James, who helped his father build his Asian empire under Star TV and later at 20th Century Fox and then Fox, was associated with his father’s businesses for more than 20 years.
The reason for his resignation according to a filing by the company with the US regulators: “My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.”
Rupert and James’ elder brother Lachlan accepted his resignation saying: We're grateful to James for his many years of service to the company. We wish him the very best in his future endeavours."
James’ departure brings to the forefront the differences that have arisen between him and Lachlan and Rupert. Rupert has been a pretty strong supporter of Donald Trump and has conservative views, while James has Democrat leanings and has been rooting for Joe Biden through donations.
This apart, the newspapers under News Corp have been pretty blasé in their coverage of the Australian wildfires, something that has irked James and he and his wife Kathryn have protested against the media conglomerate’s stance on climate change.
James was CEO Twenty First Century Fox before its entertainment assets were sold to Disney a couple of years ago.
News Corp owns publications such as Wall Street Journal, The Times, The Sun and The Sunday Times in the UK, as well as a stable of Australian newspapers, including The Australian, The Daily Telegraph and The Herald Sun.
Raj Nayak who worked with him at Star TV tweeted that he has fond memories of working with him during his tenure there. “A fabulous human being & a wonderful boss,” he added.
Former Hathway Cable CEO K Jayaram said he had a tough time on the board with James during his tenure as he could not achieve his numbers. “But he was good at heart,” he concluded.