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BREAKING NEWS

Fox Corp's Rupert Murdoch gets paid $42.2 million in 2019

Fox Corp's Rupert Murdoch gets paid $42.2 million in 2019
FILE PHOTO: Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. REUTERS/Stefan Wermuth/File Photo -
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Stefan Wermuth(Reuters)
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(Reuters) – Fox Corp <FOXA.O> Chairman Rupert Murdoch was paid $42.2 million (34 million pounds) in fiscal 2019, lower than last year, following the media company’s sale of its film and TV assets to Walt Disney Co <DIS.N>.

In a filing on Monday, Fox said Murdoch’s compensation in 2018 was $49.2 million.

CEO Lachlan Murdoch’s compensation for the year ending June 30, 2019 was $42.1 million compared with $50.7 million a year earlier.

Rupert and Lachlan Murdoch will earn $29.3 million and $23.6 million respectively, from next year onwards, excluding compensation related to the Twenty-First Century Fox deal. (https://bit.ly/2laTNpv)

The newly spun-off media company Fox Corp debuted on the Nasdaq earlier in March following the $71 billion sale of Twenty-First Century Fox’s film and television assets to Walt Disney.

(Reporting by Shradha Singh in Bengaluru)

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