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News Corp Extends CEO Robert Thomson’s Tenure Through 2030

The board said his leadership transformed News Corp into a digital-first publisher, delivering record profits, landmark AI licensing deals.

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A view of the signage outside the News Corporation building, after it was announced that Rupert Murdoch would step down as chairman of News Corp and Fox in favour of his son Lachlan Murdoch, in New York, U.S., September 21, 2023.  REUTERS/Bing Guan/File Photo
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Overview

  • News Corp credited Thomson’s tenure for doubling Dow Jones’ profitability and selling Foxtel to DAZN.
  • Digital subscriptions now account for roughly half of the company’s revenue, up from about 20% in 2014.
  • Landmark IP deals with OpenAI and other platforms have positioned News Corp as a key content licensor in AI.
  • Thomson’s total pay since 2013 exceeds $200 million, with $41.9 million earned last year making him Australia’s top-paid executive.
  • His secured tenure through 2030 coincides with a Murdoch family court dispute in Nevada over control of News Corp and Fox assets.