Fox News Chief Roger Ailes May Seek Huge Pay Hike From News Corp. NY Magazine
News Corp. is reportedly in talks with Fox News chief Roger Ailes on a new multiyear deal, reports Gabriel Sherman at New York Magazine.
A deal hasn't yet been struck, although it's thought that Ailes, 72, could ask for a "mega deal" worth more than $30 million a year, because of Fox News' record profits, the story says.
Ailes' current contract expires next summer, and his attorney, Peter Johnson, is negotiating the new deal, the story adds.
"But another source close to Ailes explained that, for Ailes, signing a new deal is not only about the money. Ailes has to figure out what he wants to do next. But money is surely a consideration: Ailes is a guy who likes to keep score," Sherman writes. "And at News Corp., he's the third-highest-paid executive, behind Rupert Murdoch and COO Chase Carey."
As previously reported, Ailes' compensation for fiscal 2012 jumped 35% to $21 million, while the pay of Murdoch and Carey dropped.