Rupert Murdoch to forgo his FY20 bonus as revenues slide at News Corp

May 8, 2020 9:48

News Corp executive chairman Rupert Murdoch will skip his annual cash bonus this financial year as the media business struggles to weather the financial storm caused by the COVID-19 pandemic.

The company’s revenues were hit hard in the third quarter of the year, with total revenue dropping 8% from the previous year and advertising revenue slipping 45% at News Corp Australia in April.

Murdoch won’t take his cash bonus for FY20

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Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

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4 COMMENTS

wally 8 May 20

Only a cut in bonuses!!
what about the huge salaries

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Lol 8 May 20

How is Robert Thomson still collecting 25% of his bonus? What are his bonus KPIs? Keep the printers running?

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Don Bucks 8 May 20

So let me get this right, people lose their jobs or are are asked to reduce salary and yet the two most senior execs only cut their bonus?

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bernie 8 May 20

Thoughts and prayers are with Rupert at this difficult time

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Rupert Murdoch to forgo his FY20 bonus as revenues slide at News Corp

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