James Murdoch

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James Murdoch
James Murdoch 2008- NRKbeta.jpg
James Murdoch in 2008

Born James Rupert Jacob Murdoch
(1972-12-13) 13 December 1972 (age 41)
Wimbledon, London, England
Occupation Deputy chief operating officer of News Corp.
Chairman of SKY Italia
Chairman of STAR TV
Spouse(s) Kathryn Hufschmid (m. 2000– )
Children Anneka (b. 2003)
Walter (b. 2006)
Emerson (b. 2008)
Parents Rupert Murdoch, Anna Murdoch Mann

James Rupert Jacob Murdoch (born 13 December 1972) is the younger son of media mogul Rupert Murdoch and the deputy chief operating officer of News Corporation. He is the former chairman and chief executive of News Corp., Europe and Asia, where he oversaw assets such as News International (British newspapers), publisher of The News of the World newspaper, SKY Italia (satellite television in Italy), Sky Deutschland, and STAR TV (satellite television in Asia).

He sits on the News Corporation board of directors and is a member of the office of the chairman. He was made Executive Chairman of News International in December 2007 He has since resigned from the post. He previously held a non-executive chair at British Sky Broadcasting, in which News Corporation has a controlling minority stake. In April 2012, he was forced to resign as chairman of BSkyB in the wake of the on-going phone-hacking scandal, in which he is implicated.

He was formerly an executive vice president of News Corporation, the controlling shareholder of BSkyB, and served on the boards of directors of News Datacom and of News Corporation.

In May 2012, a highly critical UK Parliamentary report said Murdoch had 'showed wilful ignorance of the extent of phone-hacking' and found him 'guilty of an astonishing lack of curiosity' over the issue. It went on to say that both Murdoch and his father, Rupert, 'should ultimately be prepared to take responsibility' for wrongdoing at the News of the World and News International.

Murdoch is a British citizen by birth and a naturalised U.S. citizen. He lost Australian citizenship when his father became a U.S. citizen, but he is eligible to reclaim Australian citizenship.

Early life[edit]

Murdoch is the fourth of multibillionaire media mogul Rupert Murdoch's six children, and the third with Scottish-born journalist and author Anna Murdoch Mann.

As a youngster James was regarded as the brightest of the Murdoch children, but was 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 edited underground magazines and drew a comic strip for the college’s famed satirical magazine, 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[edit]

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 U.S. 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$450million. It was subsequently sold to another company for $7 million.

After installing a new management team at Festival, Murdoch purchased the controlling 51 percent share of Mushroom Records in 1999, and the merged group was rebranded as Festival Mushroom Records.[citation needed] It was at first thought that News might use FMR as the foundation of a new international entertainment company, but Festival struggled while Murdoch was in charge and after his departure its fortunes declined rapidly; the company was wound up in late 2005 and its remaining assets were sold. The recording catalogue was sold to the Australian division of Warner Music for only 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 £100m a year, and he moved to Hong Kong.

On 13 February 2003, James 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 (on appointment he was by far the youngest chief executive of a FTSE 100 company).

Following the shock resignation of his brother Lachlan Murdoch from his executive positions at News Corporation on 29 July 2005, James is widely viewed as his father’s heir-apparent.

Murdoch at a digital media conference in 2006

On 7 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 Corp. 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.

On 28 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 “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 stormed into the offices of The Independent to complain about an advertisement campaign by the newspaper. The advertisement read, “Rupert Murdoch won’t decide this election—you will.”

In April 2014, it was announced that Murdoch would join the board of advertising start-up True[X] Media.

Phone hacking scandal and aftermath[edit]

On 7 July 2011, James Murdoch announced the closure of the British tabloid newspaper the News of the World in the wake of a phone hacking scandal.

On 19 July 2011, along with his father, Rupert, he appeared at a hearing of the Commons Culture, Media and Sport Committee. He appeared once again before the same committee on Thursday 10 November 2011. James maintained that until late in 2010 he was unaware that more than one "rogue reporter" from the News of the World tabloid had been involved in phone hacking. This statement was challenged by the formal legal manager and editor for the newspaper, who claimed they had informed James of the "Transcript for Neville" email, a potential "smoking gun" indicating several of the newspaper's journalists may have been involved, during the settlement negotiations with Gorden Taylor in 2008 and alerted him to the potential liability if this document became public.

On 22 July 2011, Britain’s prime minister, David Cameron, said that James Murdoch has “questions to answer in Parliament,” a day after former top executives of the News of the World accused the News Corporation executive of giving “mistaken” evidence.

On 23 November 2011, British newspapers reported James Murdoch resigned as chairman of News Group Newspapers (NGN), the holding company above the Sun, News of the World and Times Newspapers Ltd, itself owner of The Times and The Sunday Times. NGN is the company subject to a series of lawsuits all related to the phone hacking scandal. James Murdoch's resignation is also said to be related to the 12-10-2011 resignation[clarification needed] of another Dow Jones Executive, Andrew Langhoff, after a company whistleblower revealed an editorial scam and questionable circulation dealings at The Wall Street Journal Europe.

On 29 February 2012, News Corp. announced that James Murdoch would be stepping down as Executive Chairman of its British newspaper arm. The company said he would remain deputy chief operating officer of News Corp and focus on the company's international TV business, including continued responsibility for BSkyB. He stepped down also from the GlaxoSmithKline board.

On 3 April 2012 he stood down as chairman of BSkyB, but remained on the board. He was replaced as chairman by Nicholas Ferguson.