News Corp extends CEO Robert Thomson's contract through 2030
News Corp will extend the contract of chief executive Robert Thomson through 2030, the media giant said Sunday.
Thomson was appointed CEO of News Corp — whose properties include The Post, Dow Jones, the Wall Street Journal and book publisher HarperCollins — in 2013. His contract was extended in 2023 until 2027.
He has delivered News Corp's four most profitable years from fiscal 2021 to 2024, with continued strong performance in fiscal 2025 despite a challenging media landscape, the company said.
3 News Corp CEO Robert Thomson had his contract extended through 2030.
Bloomberg via Getty Images
'Robert has been instrumental in News Corp's growth and transformation, and his vision and leadership are extremely important as the company continues to navigate this era of rapid change,' News Corp Chair Lachlan Murdoch said in a statement.
Thomson has been at the helm of the New York-based company through several major deals, such as the sale of its Australian cable-TV unit Foxtel to British-owned sports network DAZN for $2.19 billion in 2024.
3 New York-based News Corp is the parent company of The Post.
Robert Miller
3 News Corp's properties include The Post, Dow Jones, the Wall Street Journal and book publisher HarperCollins.
Bloomberg via Getty Images
News Corp also signed landmark agreements with major technology platforms, including most recently with OpenAI, to license the company's intellectual property in exchange for meaningful compensation.
'Rupert and Lachlan Murdoch have adroitly sculpted a company that is passionate and principled and purposeful, and it is a profound privilege to serve as Chief Executive,' Thomson said in a statement.
'For journalists, for authors, for society, for those who strive and aspire, these are times of immense challenge and boundless opportunity. Our leadership team is acutely conscious of an unwavering responsibility to our shareholders, and we are grateful for the sterling efforts of all our colleagues as we pursue profitability and seek to realize our vast potential.'
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