First Posted: 4/26/2013
(AP) Rupert Murdoch's compensation package could rise by as much as 15 percent after his media empire splits into two separate companies.
Regulatory documents filed Friday reveal that Murdoch could be awarded total compensation valued at $28.3 million during the first year after the breakup of News Corp. That's up from a package valued at $24.6 million during the current fiscal year ending in June.
The 82-year-old Murdoch will be juggling two different roles once the current operations of News Corp. are disassembled.
The company that will retain the News Corp. name will own book publishers and newspapers, including The Wall Street Journal. Another company called 21st Century Fox will focus on entertainment. Murdoch will be chairman of both companies and CEO of the entertainment company.Associated Press