Under Lachlan Murdoch’s leadership, Fox Corporation has elevated one of its top executives, appointing John Nallen as President and Chief Operating Officer. Previously serving as COO, Nallen has agreed to a fresh long-term contract with Fox Corporation, extending his tenure until June 2028.
In a statement, Murdoch praised John for playing a crucial role in shaping Fox’s development over the years and for being an essential collaborator. We appreciate his significant contributions and strategic insights, and we are delighted that he will continue to provide leadership as president and COO, steering the company towards its ongoing success and profitability.
Previously, Nallen held the position of COO at Fox Corporation, and prior to that, he was the CFO at 21st Century Fox, before its merger with The Walt Disney Company. He started working for News Corp. in 2001, which was then the Murdoch family’s single media conglomerate. Over the years, he held various financial positions within the company.
According to a Securities and Exchange Commission (SEC) filing, Nallen’s annual bonus and annual equity award targets have been increased to $4 million and $6.5 million respectively. After his employment concludes, he will also take on the role of special advisor for a period of three years.
One day following Fox broadcasting Super Bowl LIX in New Orleans, and merely several months post the 2024 elections, Fox News Channel experienced unprecedented viewership ratings.
Among Fox’s resources are the Fox Broadcast Network, Fox News Channel, Fox Sports, and the complimentary streaming platform known as Tubi.
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2025-02-10 16:54