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James Murdoch exits News Corp. board, citing editorial "disagreements"

Jul. 31, 2020 09:57PM EST
Dan Ackermann

Former 21st Century Fox CEO James Murdoch filed a letter of resignation on Friday in light of disagreements over editorial content published by the company-owned news outlets, including the Wall Street Journal and New York Post.

What he's saying: “My resignation is due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions," Murdoch's letter reads.

The big picture: News Corp. is one of two media companies operated by the Murdoch family, the other being Fox Corp., the parent company of Fox News and the Fox broadcast network.

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Hurricane Ida's economic toll

Wall Street is only slightly adjusting estimates for how the economy will fare to reflect the impact of Hurricane Ida.

Why it matters: The muted national economic impact that’s been penciled in doesn’t capture the human cost of the historic storm: millions displaced or without power as Southeast residents now brace for flash flooding.

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