News Corp. CEO Thomson’s compensation rose 13 percent in FY19
News Corp. CEO Robert Thomson saw his total compensation rise 13.6 percent to $14.7 million in the company’s 2019 fiscal year, according to a filing with the Securities and Exchange Commission.
Thomson’s base salary rose 50 percent to $3 million in the fiscal year.
His stock awards rose slightly to $5.5 million from $5.4 million in fiscal year 2018. 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 $5.5 million in 2019 after totaling $5.2 million in 2018.
His all other compensation increased to $427,331 in 2019 from $420,718.
News Corp. is the parent of business journalism outlets The Wall Street Journal, Dow Jones Newswires, Barron’s and MarketWatch.com.
The New York-base company reported net income of $228 million in 2019 compared to a net loss of $1.44 billion in 2018. Revenues increased 12 percent to $10.1 billion.
During the year, Journal subscribers reached a record 2.6 million.