News Corp. split could boost Murdoch compensation

Published on NewsOK Modified: April 26, 2013 at 5:35 pm •  Published: April 26, 2013
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NEW YORK (AP) — Rupert Murdoch's compensation package could rise by as much as 15 percent after his media empire splits into two separate companies.

Regulatory documents filed Friday revealed that Murdoch could be awarded total compensation valued at $28.3 million during the first year after the breakup of News Corp. That's up from a package valued at $24.6 million during the current fiscal year ending in June. The difference reflects additional stock awards that Murdoch could receive next year. The full amounts in either year won't be paid to Murdoch unless the companies hit certain financial targets.

Murdoch, already one of the world's wealthiest men with a fortune estimated by Forbes at $11 billion, will be juggling two different roles once the current operations of News Corp. are disassembled.

The company that will retain the News Corp. name will own book publishers and newspapers, including The Wall Street Journal. Another company called 21st Century Fox will focus on entertainment, anchored by a movie studio and the Fox television network.

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