Compensation Down for Murdoch, Carey

By Jon Lafayette
( Broadcasting & Cable )
published

Compensation for top executives dropped in fiscal 2012 for the top executives at News Corp., except for Fox News Chairman Roger Ailes.

News Corp. CEO Rupert Murdoch's total compensation dropped 10% to $30 million. Murdoch salary was unchanged at $8.1 million, but his bonus and stock awards were down, offset somewhat by an increase in pension value and deferred compensation.

COO Chase Carey's total compensation fell 18% to $24.8 million. Like Murdoch, he had a smaller bonus and stock awards while his $4.05 million salary remained unchanged.

Ailes, who also is chairman of News Corp.'s Fox Television Stations and Twentieth Television, saw his compensation grow 35% to $21 million in 2012, including a $9 million bonus based on the performance of Fox News Channel, up from $8 million in 2011. His salary was unchanged at $5 million and he earned a stock award of $4.06 million. He did not earn a stock award in 2011.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.