 |
James Murdoch, former CEO of 21st Century Fox and son of media baron Rupert Murdoch, has quit the board of family-controlled News Corp, owner of Fox News, New York Post, Wall Street Journal, Times of London and Australian newspapers.
"My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions," he wrote in his July 31 resignation letter.
Murdoch did not spell out the reasons for his departure, but he and wife, Kathryn, have been critical of the WSJ and Fox News' coverage of climate change, reported the BBC.
Murdoch stepped down as 21CF chief following the sale of its entertainment assets to Walt Disney Co. His brother, Lachlan, then took over the Fox CEO slot.
Since departing Fox, Murdoch set up Lupa Systems, which has invested in technology companies and Vice Media.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
Have a comment? Send it to 
No comments have been submitted for this story yet.