Categories: OLD Media Moves

News Corp. CEO Thomson received $10.3 million compensation

Robert Thomson, the chief executive officer of Wall Street Journal parent News Corp., received total compensation valued at $10.3 million during the 2015 fiscal year, according to a proxy statement filed Tuesday with the Securities and Exchange Commission.

That’s down from the $12.5 million that Thomson — the former top editor at the Journal — was paid in 2014, the company’s second year as a separate public company.

Thomson’s 2015 compensation included a $2 million base salary and $4.4 million in stock awards, down from $7.2 million in stock awards in 2014. He also received $3 million from a non-equity incentive plan. His total compensation also included $373,280 in other compensation.

News Corp. also owns Barron’s, MarketWatch.com and the Dow Jones financial wire. For the year ended June 30, 2015, the company reported total revenues of $8.6 billion, a 1 percent increase over the prior year

The company’s annual meeting will be held on Oct. 14 at 10 a.m. in the Auditorium at the New York Institute of Technology at 1871 Broadway.

Read the proxy here. It does not list a compensation package for current Journal editor Gerard Baker.

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.