News Corp has extended Robert Thomson’s contract, which will see him continue as chief executive to June 2030.
The media group said the extension is a recognition of the Australian’s “exceptional track record of transformational leadership, value creation and effective advocacy” for journalism and intellectual property protection.
Thomson earned $41,877,137 in "realised pay" in the 2024 financial year, a $300,000 rise compared with the previous year, according analysis by the Australian Council of Superannuation Investors (ACSI).
“Robert has been instrumental in News Corp’s growth and transformation, and his vision and leadership are extremely important as the company continues to navigate this era of rapid change,” said News Corp chair Lachlan Murdoch.
“Robert has created exceptional shareholder value, orchestrated a meaningful transformation of our asset base, and made strategic investments in growth drivers like Dow Jones, Digital Real Estate Services and Book Publishing.
"He is a crucial voice in the fight for publishers and journalists in the digital age, and a strong advocate for intellectual property rights. I look forward to his continued leadership.”
Thomson has been a journalist since 1979, when he joined The Herald in Melbourne, working as a copyboy and a finance and general affairs reporter.
He was appointed to his current role in January 2013, having served as editor-in-chief of Dow Jones & Company, managing editor of The Wall Street Journal and the editor of The Times of London.
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