James Murdoch facts for kids
Quick facts for kids
James Murdoch
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Murdoch in 2008
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| Born |
James Rupert Jacob Murdoch
13 December 1972 |
| Citizenship |
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| Education | Harvard University (dropped out) |
| Board member of | Tesla, Inc. |
| Spouse(s) |
Kathryn Hufschmid
(m. 2000) |
| Children | 3 |
| Parent(s) |
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| Family | Murdoch |
James Rupert Jacob Murdoch (born 13 December 1972) is an American businessman. He is the younger son of media mogul Rupert Murdoch and the former chief executive officer (CEO) of 21st Century Fox from 2015 to 2019.
He was the chairman and CEO for Europe and Asia of News Corporation until 2013 when it was split into News Corp and 21st Century Fox. He was formerly a director of News Corp and was a member of the office of the chairman.
Until April 2012, he was the chairman and CEO of Sky plc, Europe and Asia, where he oversaw assets such as News International (publisher of The News of the World newspaper), Sky Italia, Sky Deutschland, and STAR TV.
Murdoch was executive chairman of News International from 2007. He previously held a non-executive chair at British Sky Broadcasting, in which News Corporation had a controlling minority stake. In April 2012, he was forced to resign as chairman of BSkyB in the wake of the ongoing phone hacking scandal, in which he was implicated and severely criticised in a parliamentary report. He was reappointed chairman of the company following its merger with its Italian and German sister companies to form Sky plc.
In July 2020, he resigned from the board of News Corp due to disagreements with its editorial content and strategic direction.
In 2021, Murdoch set up the Indian arm of his family office, Lupa Systems India, as a joint venture with businessman Uday Shankar.
As of September 2024[update], the whole Murdoch family is involved in a court case in the US in which James, his sister Elisabeth and half-sister Prudence are challenging their father's bid to amend the family trust to ensure that his eldest son, Lachlan, retains control of News Corp and Fox Corp, rather than benefiting all of his six children, as is specified in the "irrevocable" terms of the trust.
Contents
Early life and education
James Rupert Jacob Murdoch was born on 13 December 1972 at Wimbledon Hospital in Wimbledon, London, England. He is the fourth child of billionaire media mogul Rupert Murdoch's six children, and the third with Scottish-born journalist and author Anna Murdoch Mann (née Torv), the others being Elisabeth and Lachlan.
As a youngster James was regarded as the brightest of the Murdoch children, but also considered something of a rebel. He first came to public notice as a 15-year-old intern at the Sydney Daily Mirror but made headlines in the rival The Sydney Morning Herald after he was photographed asleep on a sofa at a press conference.
Murdoch attended Horace Mann School in New York City and graduated in 1991. He then studied film and history at Harvard University, where he was a member of the Harvard Lampoon. He dropped out of university in 1995 without completing his studies. With university friends Brian Brater and Jarret Myer, he backed the establishment of Rawkus Records, an independent hip hop record label. The company was bought by News Corporation in 1998.
Business career
In 1996, Murdoch joined News Corporation and was appointed chairman of Festival Records. He took charge of News Corporation's internet operations, where he invested in a series of ventures, including financial website TheStreet and the short-lived online music site Whammo, with mixed results. He also continued to contribute cartoons to US magazine Gear.
He is credited with sparking his father's interest in the internet, and he reportedly tried to persuade his father to buy internet company PointCast for US$450 million. It was subsequently sold to another company for $7 million.
After installing a new management team at Festival, Murdoch purchased the controlling 51% share of Mushroom Records in 1999, and the merged group was rebranded as Festival Mushroom Records (FMR). It was at first thought that News Corporation might use FMR as the foundation of a new international entertainment company, but FMR struggled while Murdoch was in charge and after his departure its fortunes declined rapidly. FMR was closed in late 2005 and its remaining assets were sold: the recording catalogue was sold to the Australian division of Warner Music for A$10 million in October 2005, and the publishing division was sold to Michael Gudinski a month later, for an undisclosed sum.
In May 2000, Murdoch was appointed chairman and chief executive of News Corporation's ailing Asian satellite service Star Television, which at the time was losing £100 million a year, and he moved to Hong Kong.
In February 2003, Murdoch became a director of BSkyB. Later that year, he controversially became CEO of BSkyB, in which News Corporation owns a controlling minority stake. His appointment sparked accusations of nepotism, with some commentators and shareholders feeling that the job had not been opened to outsiders and that Murdoch was too young and inexperienced to run one of the UK's top companies He was an executive vice-president of News Corporation (t(controlling shareholder of BSkyB) and served on the board of directors of News Datacom and of News Corporation.
Following the surprise resignation of his brother Lachlan Murdoch from his executive positions at News Corporation in July 2005, James was viewed as his father's heir-apparent.
In December 2007, Murdoch stepped down as CEO from BSkyB and was appointed non-executive chairman of the company (a position formerly held by his father, Rupert).
In a related announcement, Murdoch also took "direct responsibility for the strategic and operational development of News Corporation's television, newspaper, and related digital assets in Europe, Asia, and the Middle East." This included holdings such as News International, Sky Italia, STAR Group ltd and possibly other News Corporation related assets. He was based at News International's headquarters in Wapping, East London.
In February 2009, Murdoch was appointed a non-executive director with the British pharmaceutical company GlaxoSmithKline.
In August 2009, Murdoch delivered the MacTaggart Memorial Lecture at the Edinburgh International Television Festival, in which he attacked the BBC and UK media regulator Ofcom calling the BBC's expansion "chilling" and also said: "In this all-media marketplace, the expansion of state-sponsored journalism is a threat to the plurality and independence of news provision, which are so important for our democracy." The BBC chairman, Sir Michael Lyons officially responded, "We have to be careful not to reduce the whole of broadcasting to some simple economic transactions. The BBC's public purposes stress the importance of the well-tested principles of educating and informing, and an impartial contribution to debate in the UK."
In April 2010, Murdoch and his associate Rebekah Brooks entered the offices of The Independent to complain about an advertisement campaign by the newspaper.
Until April 2012, he was the chairman and CEO of Sky plc, Europe and Asia, where he oversaw assets such as News International (publisher of The News of the World newspaper), Sky Italia, Sky Deutschland, and STAR TV.
He was executive chairman of News International from 2007 until February 2012. He previously held a non-executive chair at British Sky Broadcasting, in which News Corporation had a controlling minority stake. In April 2012, he was forced to resign as chairman of BSkyB in the wake of the ongoing phone hacking scandal, in which he was implicated.
In April 2014, it was announced that Murdoch would join the board of advertising start-up True[X] Media.
In June 2015, his father, Rupert, announced that he would be leaving his position as CEO of 21st Century Fox and James would take over the position.
In January 2016, Murdoch became the chairman of Sky, Britain's subscription broadcaster.
In July 2017, Murdoch became an independent director on the board of Tesla.
In October 2018, Murdoch left Sky after Comcast took the majority control of the company.
In March 2019, 21st Century Fox was sold to The Walt Disney Company, ending Murdoch's tenure as CEO.
Murdoch was a director of News Corp in August 2019. In July 2020, he resigned from the board. His resignation letter stated that his resignation was "due to disagreements over certain editorial content published by the company's news outlets and certain other strategic decisions". He criticised the "ongoing denial of the role of climate change" seen in the Australian outlets, following the particularly devastating 2019–20 Australian bushfire season.
In 2021, Murdoch set up the Indian arm of his family office, Lupa Systems India, as a joint venture with businessman Uday Shankar. The aim of the joint venture was to focus on media, education, and the healthcare sectors in Asia, particularly India. In May 2022, Lupa India (renamed to Bodhi Tree Systems) announced a $600 million investment in the test-prep company Allen Career Institute Private Limited for a 36% stake, and completed the deal in July. In April 2023, Bodhi Tree acquired a 13% stake in the Reliance-owned media and entertainment company, Viacom18, and subsequently increased it to 16% by August 2023. In February 2024, Viacom18 and Disney-Star India entered into a joint venture to form an $8.5 billion entity.
Family court case (2024)
In September 2024, the whole Murdoch family is involved in a court case in Reno, Nevada, in which James, his sister Elisabeth and half-sister Prudence MacLeod are challenging their father's bid to amend the family trust to ensure that his eldest son, Lachlan, retains control of News Corp and Fox Corp, rather than benefiting all of his six children, as is specified in the "irrevocable" terms of the trust. According to The New York Times, Murdoch Snr wants his companies to remain politically conservative, and sees his other children as too politically liberal.
The irrevocable family trust was set up after Rupert and Anna Murdoch's divorce in 1999, to hold the family's 28.5% stake in News Corp. It relates only to the children born before then, giving them equal say in the fate of the business after Rupert's death. Chloe and Grace Murdoch, Rupert's children with third wife Wendi Deng, will have no say in the business, although will share the stock proceeds. The case follows Rupert's attempt to change the trust in 2023, and the Nevada probate commissioner's finding that he was allowed to amend the trust "if he is able to show he is acting in good faith and for the sole benefit of his heirs". Rupert Murdoch is arguing interference by the other siblings would cause a financial loss to Fox, and therefore "in their own best interests if they have their votes taken away from them". He argues that preserving the outlet's conservative editorial stance against interference by the more politically moderate siblings would better protect its commercial value.
The case has led to the three children becoming estranged from their father, with none of them attending his wedding to his fifth wife, Elena Zhukova, in June 2024.
Personal life and other activities
Murdoch is a British citizen by birth and a naturalised US citizen. Apart from full siblings Elisabeth and Lachlan Murdoch, he has three half-siblings, including an elder half-sister Prudence, and two younger half-sisters by his father's third marriage to Wendi Deng, Grace and Chloe.
Murdoch was instrumental in the formation of Sky Procycling and is a keen cyclist himself. He maintains an early morning gym routine and has a black belt in karate.
Murdoch married Kathryn Hufschmid in 2000, and they have three children: Anneka, Walter, and Emerson. Kathryn works for the Clinton Climate Initiative, a charitable foundation set up by the former U.S. president, Bill Clinton in 2006.
Since 2014, James and Kathryn have run the Quadrivium Foundation, which supports "initiatives that address the root causes of problems and where single actions can create multiple positive outcomes". It is focused on five key areas: democracy, technology and society, scientific understanding, climate change, and the health of the world's oceans. It invests in evidence-based solutions to problems.
Murdoch has donated money to the Clinton Foundation, the nonprofit organisation run by Chelsea, Bill, and Hillary Clinton.
In 2020, Murdoch and his wife each donated US$615,000 to the Biden campaign. In September 2024, he was one of 88 American corporate leaders who signed an open letter endorsing vice-president Kamala Harris for president.
He has been highly critical of Fox News' promotion of Donald Trump's false claims of election fraud after he lost the 2020 election. Fox was subsequently successfully sued for defamation, losing over $US787 million in costs.
See also
In Spanish: James Murdoch para niños
- News media phone hacking scandal
- News International phone hacking scandal
- Phone hacking scandal reference lists
- Metropolitan police role in phone hacking scandal
