Murdoch Junior Creams £4m Bonus from BSkyB

16 August 2007

ISLEWORTH, UK: Hitting operational targets for earnings per share, subscriber growth, free cashflow growth - and gestation within the right family - has earned James, the youngest male scion of Clan Murdoch, a cash bonus of £3.91 million ($6.0m; €4.42m).

It comes in addition to his existing near-£3m remuneration package at the clan-controlled UK satellite monopoly British Sky Broadcasting .

The handout, revealed Tuesday, relates to shares vested to James in August 2004 and November 2005 under BSkyB's long term incentive plan. Seventy per cent of those shares became exercisable on August 11 and a kindly BSkyB agreed to pay in cash.

Since its launch in 1989, and ingestion of sole rival British Satellite Broadcasting in November 1990 after a classic war of attrition, Sky has performed consistently well under the remote-controlled baton of maestro Rupert with a succession of ceos performing the function of first violin.

All have been generously rewarded for their proficiency in following the score.

Data sourced from; additional content by WARC staff