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Fox Reveals Lachlan Murdoch’s $33 Million Pay for Fiscal 2025 in SEC Filing

The board cites outperformance across news, sports and streaming to justify the increase following a trust deal that cemented his control.

Overview

  • The proxy details a $3 million salary, $10.6 million in stock awards, $2.75 million in option awards, $10.7 million in non‑equity incentives, $4 million from retirement benefit changes, and $2 million in other compensation tied largely to residential security.
  • President and COO John Nallen earned $15.3 million in fiscal 2025, while CFO Steve Tomsic earned $10.3 million.
  • The compensation committee credited strong results at Fox News, Fox Sports and Tubi as Fox shares rose 24% year to date and the company launched subscription service Fox One.
  • The filing sets Nov. 14 for Fox’s annual shareholder meeting.
  • The disclosure follows a September family settlement that consolidated Lachlan Murdoch’s control through roughly $1.1 billion payouts to three siblings, with reporting suggesting potential expansion moves such as a possible TikTok consortium stake.