News Corp., the media industry behemoth whose assets include 20th Century Fox, the Wall Street Journal, and HarperCollins just to name a few, has named Accel Partners’ Jim Breyer to its board of directors.
The 50-year-old Breyer, a Silicon Valley venture capital veteran known for making early bets on companies such as AOL and Facebook, could bring some much-needed digital savvy to the New York City-based News Corp. The media conglomerate has lagged a bit in the tech sector since its foibles with Myspace, the social media site News Corp. bought in 2005 for $580 million and sold off this year for a reported $35 million.
Breyer is joining News Corp.’s board just as another legendary venture capitalist, Tom Perkins of Kleiner Perkins Caulfield & Byers, is making his exit. Perkins, 78, is best known for his work with earlier generation technology firms such as Hewlett-Packard and Applied Materials.