News Corp Reports Drop in Chairman, CEO's Pay
September 01 2015 - 10:00AM
Dow Jones News
News Corp reported Tuesday that the total compensation for
Executive Chairman Rupert Murdoch and Chief Executive Robert
Thomson fell in the fiscal year ended in June because of a decline
in stock awards.
News Corp owns The Wall Street Journal and Dow Jones Newswires,
among other publications.
In a filing Tuesday with the Securities and Exchange Commission,
the company said Mr. Murdoch's total compensation was valued at
$5.07 million for the business year ended in June, down from $8.7
million a year earlier.
Mr. Murdoch's base salary was unchanged at $1 million, while his
stock award declined 59% to $2.07 million and his non-equity
incentive fell 25% to $2 million.
As for Mr. Thomson, his total pay was valued at $10.29 million
in the most recent fiscal year, down from $12.47 million a year
ago.
Mr. Thomson received a $2 million base salary, also flat from
2014, but his stock award fell 38% to $4.45 million. The CEO's
non-equity incentive compensation rose to $3 million from $2.68
million a year earlier, while the value of his pension increased to
$475,466 from $314,434.
Over the 2015 business year, Class A shares of News Corp dropped
19%.
The company swung to a loss of $149 million from a year-earlier
profit of $237 million. The latest results included, among other
items, an impairment charge of $371 million related to Amplify, the
company's digital education business. Revenue increased to $8.63
billion from $8.57 billion.
More than two years ago, Mr. Murdoch split his media holdings,
with the publishing assets going to News Corp and the media and
entertainment assets housed in 21st Century Fox Inc.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 01, 2015 10:45 ET (14:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
News (NASDAQ:NWSA)
Historical Stock Chart
From Apr 2024 to May 2024
News (NASDAQ:NWSA)
Historical Stock Chart
From May 2023 to May 2024