News Corp CEO Thomson’s compensation declines 14.6 pecent

Robert Thomson

Robert Thomson, the chief executive officer of News Corp., saw his total compensation decline by 14.6 percent in its 2022 fiscal year, according to a Securities and Exchange Commission filing.

Thomson’s total compensation was $19.7 million, down from $23.0 million in the 2021 fiscal year.

News Corp. is the parent of The Wall Street Journal, Barron’s, MarketWatch.com and Investor’s Business Daily. Thomson was previously the Journal publisher.

Thomson’s salary for the 2022 fiscal year was $3.06 million, equal to his salary the previous year. Thomson’s base salary has remained unchanged since 2019. His stock awards fell to $8 million from $9.1 million in 2021.

His nonequity incentive plan compensation fell to $8.1 million from $10 million in 2021.

Rupert Murdoch, the chairman of News Corp., saw his total compensation decline 4.2 percent to $6.5 million.

In fiscal year 2022, News Corp. reported revenue of $10.39 billion and net income of $760 million, up from revenue of $9.36 billion an net income of $389 million.

The SEC filing can be found here.

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.