Fox Corp. suspended the salaries of top executives, including Chairman Rupert Murdoch, as it copes with a coronavirus crisis that its own news commentators were criticized for downplaying.
Chief Executive Officer Lachlan Murdoch, Rupert’s eldest son, and three other corporate officers will have their salaries eliminated through September, the company said on Wednesday, saying it was navigating “an unprecedented health crisis.” Other executives at Fox, including Fox News CEO Suzanne Scott, will have their pay cut in half. About 700 employees in all will see some salary reductions.
Fox joins other media giants in making cutbacks during the pandemic. But it’s unique in being the nation’s top cable-news source for information on the virus. The network has been criticized for downplaying the severity of the outbreak, particularly early on. Continue reading.