News Corp. has extended CEO Robert Thomson’s contract for an extensive period, ensuring he remains at the forefront of guiding the company through upcoming artificial intelligence agreements and furthering its digital evolution.
Thomson, having been at the helm of News Corp. since 2013, inked an agreement that ensures he remains the CEO until June 2030. News Corp., which includes publications like The Wall Street Journal and Dow Jones, along with entities such as book publisher HarperCollins, The New York Post, a digital real estate venture, and additional holdings, benefits from his extended leadership.
It is also a significant part of the Murdoch family’s business empire, alongside Fox Corp.
“Robert has played a key role in driving News Corp’s expansion and evolution,” stated News Corp chairman Lachlan Murdoch. “His foresight and guidance remain vital as the firm navigates through these times of swift changes.” Robert, according to Murdoch, has significantly increased shareholder wealth, spearheaded substantial adjustments to their portfolio, and strategically invested in areas such as Dow Jones, Digital Real Estate Services, and Book Publishing which fuel growth. In addition, he serves as an essential ally for publishers and journalists amid the digital revolution and actively supports the protection of intellectual property rights. I am eager to see him continue leading us into the future.”
In addition to his progressive approach regarding the connection between publishers and technology corporations (where he initiated discussions aimed at generating income from firms such as Google and Meta), Thomson has recently been aggressively pursuing agreements with artificial intelligence enterprises. Furthermore, he is known for delivering memorable quotes.
Rupert and Lachlan Murdoch have skillfully shaped a company that is driven by passion, principle, and purpose, and I am deeply honored to be serving as CEO," Thompson stated. "For reporters, writers, communities, and everyone striving toward their goals, these are moments filled with significant challenges but also limitless possibilities. Our executive group remains keenly aware of our unyielding duty towards our investors, and we appreciate the exceptional work from every member of our team as we aim for financial success and endeavor to fulfill our enormous potential.
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