Categories: OLD Media Moves

Ex-WSJ ME Thomson received $2.6 million in pay

Robert Thomson, the CEO of News Corp. and the former top editor of The Wall Street Journal until the end of 2012, received $2.6 million in compensation for the 2013 fiscal year, which ended June 30.

Thomson received a $500,000 bonus for his duties at The Journal and as the editor in chief of Dow Jones as part of his compensation, according to the 10-K filed Friday afternoon by the company. The company also owns Marketwatch.com and Barron’s in addition to The Journal and Dow Jones Newswires.

Thomson’s salary was $992,308 for the fiscal year, although his annual base salary is $2 million. The company was created earlier this year when it split its television and non-newspaper operations into a separate company called 21st Century Fox.

His total bonus for the fiscal year was $1 million. Thomson also received $616,476 in pension benefits and $52,679 in other compensation, which included the company paying for his life insurance policy.

Beginning with the current fiscal year, Thomson is eligible to receive stock awards of at least $4 million annually.

Bedi Singh, the company’s chief financial officer, received $1.97 million in compensation for the year.

Read the filing 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.

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