Murdoch's pay falls to $27.5 million in 2008

Wed Aug 20, 2008 4:19am EDT

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(Reuters) - News Corp (NWSa.N: Quote, Profile, Research, Stock Buzz) Chief Executive Rupert Murdoch's total compensation for 2008 fell 14 percent to about $27.5 million, the company said in a regulatory filing.

In a filing with the U.S. Securities and Exchange Commission on Tuesday, News Corp said Murdoch's base salary was $8.1 million in the fiscal year, and he was allocated $17.5 million in non-equity incentive plan compensation.

News Corp President Peter Chernin's total 2008 compensation was $28.8 million, compared with about $34 million a year ago.

(Reporting by Ajay Kamalakaran in Bangalore; Editing by Louise Ireland)

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