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Chief Executive Officer Robert Thomson will also forgo 75% of his annual cash bonus, the Wall Street Journal owner added. The collective cuts in bonuses and other cost initiatives will have a positive impact on the company’s profitability and cash position, News Corp said.
Murdoch, who is also the chairman of Fox Corp (O:FOXA), last month agreed to forgo his Fox salary through Sept. 30, in response to the coronavirus crisis.
