News Corp CEO Thomson’s compensation declined in FY 18
News Corp. chief executive officer Robert Thomson received total compensation of $12.9 million in the company’s 2018 fiscal year, down nearly 4.5 percent from his total compensation of $13.6 million during the previous year.
Thomson, the former publisher and managing editor of the company’s Wall Street Journal, received a base salary of $2 million, similar to previous years, according to the company’s filing with the Securities and Exchange Commission.
His stock awards fell in 2018 to $5.4 million, up from $6.7 million in 2017. However, that award will not be paid out until later and may not reach the full amount, depending on the company’s performance.
Thomson’s nonequity incentive plan compensation rose to $5.2 million, up from $4 million in 2017. His all other compensation also increased to $420,716 in 2018 from $407,593 in 2017.
In the company’s 2018 fiscal year, revenue rose 11 percent to $9 billion from $8.14 billion, boosted by its digital real estate and book publishing operation.
The company reported a loss of $1.5 billion, compared to a net loss of $738 million in 2017, partly due to write-offs at its Foxtel and Fox Sports Australia operations.
Revenue at the news and information operations rose 1 percent to $5.12 billion in 2018 from $5.07 billion in 2016.