(Reuters) - James Murdoch, former chief executive of Twenty-First Century Fox, is making a seven-figure investment in start-ups aimed at tackling fake news, The Finiancial Times reported on.ft.com/38pRQrR on Thursday.
Murdoch’s holding company, Lupa Systems, has partnered with New York-based startup incubator Betaworks to fund an accelerator to tackle disinformation and foster a “more sustainable news ecosystem,” the report said.
Last year, the Financial Times reported that Murdoch had set to invest about $1 billion in a new portfolio of media companies that could include a liberal-leaning news outlet.
Reporting by Amal S in Bengaluru
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