TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Rupert Murdoch Takes Pay Cut, Still Rakes in $30 Million So He’s Probably Fine With It

The aftermath of the phone hacking scandal will be playing out in courts for years, but the now that News Corp. has announced its compensation packages for its 2012 fiscal year, we’re seeing how that situation financially impacted the company’s top dogs.

Bottom line? Their wallets barely felt the difference. Rupert Murdoch took a 10 percent pay cut, but still made $30 million; Chase Carey, News Corp.’s COO, made $24.8 million; Roger Ailes made $21.1 million; and James Murdoch grabbed a nice $16.8 million package.

Despite all of the execs — aside from Ailes, who saw his pay increase by 30 percent — taking a cut in pay, those are some healthy numbers. Imagine if the phone hacking scandal had never happened? We imagine they’d all be swimming in pools of $100s, not the shoddy $50 bills they must use now.

Mediabistro Course

Get a Literary Agent

Get a Literary AgentStarting August 6, learn how to find the right agent for your book and write a query that will get the deal done! Taught by Barbara Clark, a book agent and publishing consultant, you will learn the best methods for finding a literary agent, the proper protocol and etiquette for seeking literary representation, how to send queries and more. Register now!