News Broadcasting
Fox executives take pay cuts; Murdochs forgo salaries
MUMBAI: There will be salary cuts at Fox Corp in view of the crisis caused by COVID-19 pandemic. While CEO Lachlan Murdoch will give up his salary, the company’s 700 employees will take a pay cut. There will also be a suspension of compensation increase across the company, including for the board of directors.
Top executive officers at Fox will go without pay until September 30 of 2020, according to an internal memo. Those who are foregoing salaries include Rupert Murdoch, chief financial officer Steve Tomsic, chief operating officer John Nallen, and chief legal officer Viet Dinh.
“We are able to protect our full-time colleagues with salary and benefit continuation during the period we are most affected by the crisis," said Fox Corp CEO Lachlan Murdoch.
While Rupert Murdoch took home $42.1 million in fiscal 2019, Lachlan’s total compensation was $42.1 million, according to company filings with the Securities and Exchange Commission.
Dwindling ad spends have hit the media empire which comprises Fox News, Fox Entertainment, and Fox Sports, in addition to local TV channels. While production of some entertainment programmes was cancelled, broadcast rights had to be postponed or cancelled.
The media company has extended the work-from-home system till May 15. According to the CEO, a return to “normal operations” will only become possible as per the recommendations from officials and health experts.
Murdoch informed that salary cuts will affect the rest of the Fox executives in tiers. Those executives who directly report to him will take a 50 percent cut through the same period.
The Fox employees have undertaken some COVID-19-related relief activities which Murdoch has highlighted in his staff memo: “We have retained and redeployed our Studio Lot food services staff, and these colleagues are now preparing 2,000 meals per day for those in need in the L.A. community. And some costume department staff have used their time and skills to make masks for fellow colleagues to help them work more safely,"
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
