James Murdoch said his resignation was because of "disagreements over certain editorial content published by the company's news outlets and certain other strategic decisions."
James Murdoch directly criticized the "ongoing" climate denial occurring within his family's worldwide media empire, including Fox News' coverage of Australia's devastating bushfires.
News Corp chairman Rupert Murdoch wants Facebook to make carriage payments to trusted news sources.
The figure compares with a profit of $23m in the same quarter last year.
Unconfirmed chatter about potential News Corp interest in Twitter circulated on Wednesday.
It's really hard to tell between viral content parodies and the real thing.
Lee's new book will go on sale July 14.
A jury cleared Brooks unanimously but found Andy Coulson, Prime Minister David Cameron's former media chief and ex-editor of one of Murdoch's British titles, guilty