Tags: ailes | murdoch | fox | salary

Ailes Beats Murdoch in Pay

By Jim Meyers   |  

Rupert Murdoch is not the highest paid executive at his News Corp. media empire — that designation goes to Fox News Channel Chairman Roger Ailes.

Ailes, considered the smartest person in the cable news business, received nearly $24 million last year in salary, bonuses, stock grants and other benefits — almost $2 million more than Murdoch himself, according to the company's recent proxy statement.

"What makes the 69-year-old Ailes so crucial to News Corp. is the money-generating machine he has created out of Fox News, which clobbers both CNN and MSNBC in ratings," BusinessWeek reported.

Fox’s key prime-time programs like the “O’Reilly Factor” and “Hannity" – and even off-prime programs like Glenn Beck’s show – pull more viewers than CNN and MSNBC combined.

Ailes receives an annual salary of $5 million, and saw a sharp rise in his cash bonus last year due to a huge increase in the cable channel's cash flow, which cable TV analyst Derek Baine of SNL Kagan pegged at a staggering $502.6 million.

Murdoch, News Corp.'s chairman and CEO, draws an annual salary of $8.1 million, but his bonus, which is tied to the company's earnings per share, fell by more than 60 percent, to $5.4 million, "due to the negative impact of global economic conditions on the company's fiscal 2009 performance," the company said.

Murdoch's cash bonus was $17.5 million the previous year.

Ailes stands to collect a huge cache of company stock if the two-year-old Fox Business Network, which he also oversees, can break even on its cash flow, according to BusinessWeek.

Kagan said the channel had a negative cash flow of $46.9 million last year and isn't likely to break even until 2011.

© 2015 Newsmax. All rights reserved.

1Like our page
2Share
InsideCover
Rupert Murdoch is not the highest paid executive at his News Corp. media empire — that designation goes to Fox News Channel Chairman Roger Ailes.Ailes, considered the smartest person in the cable news business, received nearly $24 million last year in salary, bonuses, stock...
ailes,murdoch,fox,salary
279
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved