News Corp extends long-serving CEO Robert Thomson’s contract to 2030

News Corp chief executive Robert Thomson has had his contract extended to keep him in the role until June 2030.

Robert Thomson

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Thomson has held the CEO role for 12 years, having been appointed in 2013 and presided over significant industry changes and M&A activity through the group, including the sale of Foxtel to DAZN in April of this year.

“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 also commended Thomson’s “crucial voice in the fight for publishers and journalists in the digital age, and a strong advocate for intellectual property rights.”

The News Corp chief also recently emerged as the highest paid chief executive of an Australian stock exchange listed company, according to the annual analysis from the Australian Council of Superannuation Investors (ACSI).

Meanwhile, in the coming months it is anticipated that free, ad-supported streaming TV (FAST) platform Tubi, which is owned by News Corp’s sibling media giant Fox, will increase its investment in content for the Australian arm of the service.

In March, News Corp Australia announced an exclusive partnership with Tubi that would expand News Corp’s video strategy into the connected TV space.

Recent visiting Tubi International executives down under have mooted increased expansion locally, with further announcements expected in the second half of the year.