News Corp shares rise as CEO Robert Thomson's contract extended
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More news: News Corp shares lifted after the media group extended the contract of CEO Robert Thomson until June 2030.
News Corp shares were up 1.7% to $50.77 at 1:55pm AEST, having returned around 22% over the last 12 months.
News Corp extends CEO Robert Thomson's contract to 2030
The news: News Corp has extended the contract of its chief executive Robert Thomson, which will see him continue until June 2030.
The numbers: Thomson has been CEO of News Corp since 2013. His previous contract was set to expire in June 2027.
The context: News Corp said the extension is a recognition of Thomson's "exceptional track record of transformational leadership, value creation and effective advocacy for journalism and intellectual property protection."
Under Thomson, the media group has refocused investments in its core growth pillars — Wall Street Journal parent Dow Jones, book publishing and digital real estate services, including ASX-listed REA Group.
What they said: “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.
The source: ASX
