News Corp CEO Thomson compensation slightly down

Robert Thomson, the CEO of News Corp., which is the parent of The Wall Street Journal, Barron’s, MarketWatch.com and Investor’s Business Daily, saw his compensation decrease slightly during its 2023 fiscal year.

Thomson received $19.3 million in total compensation for the year, down from $19.7 million in the previous year, according to the company’s proxy statement filed with the Securities and Exchange Commission.

Thomson’s base salary remained the same at $3 million, but his stock awards rose to $10.4 million for the 2023 fiscal year, which ended June 30, from $8 million in the previous year.

His non-equity incentive plan compensation, however, fell to $5.4 million in the most recent fiscal year, down from $8.1 million in the 2022 fiscal year.

His other compensation — such as payments for life insurance and a 401(k) plan — rose slightly to $469,649.

Thomson, 62, has been CEO since January 2013. He previously was editor in chief of Dow Jones and managing editor of The Journal.

Rupert Murdoch, the executive chair of the company, saw his total compensation fall to $5.2 million from $6.5 million in the 2022 fiscal year.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.