Murdoch Pay Rises 9% to $27.1 Mil

Aug 20, 2008  •  Post A Comment

News Corp. Chairman Rupert Murdoch’s salary, bonus and stock payout in the last fiscal year rose 9% to $27.1 million, but a change in accounting that cut the value of his retirement savings diminished his total compensation 14%, the Wall Street Journal reports. News Corp., whose Fox broadcast network and cable-television assets such as FX and Fox News Channel are thriving, handed out bonuses to key executives, the paper says. Roger Ailes, who runs Fox News Channel and Fox Business Network, received total compensation of $19.9 million, while News Corp. President Peter Chernin pulled in a total of $29.6 million, the Journal reports.
—Greg Baumann


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