Rupert Murdoch received a small pay raise in 21st Century Fox’s latest fiscal year, taking home $29.2 million in the 12-month period ended June 30, reports the Los Angeles Times, noting that Murdoch’s compensation went up by about 1%.
In the previous fiscal year, Murdoch earned $28.9 million, the story notes.
The compensation reflected the company’s financial performance and growth during the year since News Corp. split into two publicly traded companies — the print business that’s in News Corp. and the TV and film business in 21st Century Fox.
“With his guidance during this fiscal year, the company was able to capitalize on its new alignment and strategic focus created by the separation to more effectively and efficiently build on the momentum in its core businesses and benefit from the global demand for premium content,” the company said in a regulatory filing.
While Murdoch’s base salary fell by $1 million, dipping to $7.1 million, and his performance-based cash bonus also declined, his stock awards rose, the story notes.