• by Ray Schultz , Yesterday

Most executives cannot be sure they will have their jobs in five years. But Robert Thomson, chief executive of News Corp., is not one of them.  

News Corp. has extended Thomson’s contract through June 2030 in recognition of his track record in building digital revenue and making strategic investments. 

Under Thomson, digital revenues now account for 50% of the company total, versus 20% in 2014 and the sale of Foxtel to DAZN earlier this year, the company says.  

In addition, Thomson has reshaped News Corp.’s portfolio, which has doubled in profitability since the 2020 re-segmentation of Dow Jones, and the sale of Foxtel to DAZN in April of this year, it adds. 

News Corp. has signed agreements to license its intellectual property for meaningful compensation, most recently with OpenAI, the company says. 

“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,” said News Corp. Chair Lachlan Murdoch. 

Murdoch added: “Robert has created exceptional shareholder value, orchestrated a meaningful transformation of our asset base, and made strategic investments in growth drivers like Dow Jones, Digital Real Estate Services and Book Publishing.