Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

News Corp. Sets Klein’s Salary at $2 Million a Year

Joel Klein, the former New York City schools chancellor, will receive a base salary of $2 million a year in his new job at News Corp. as executive vice president in the Office of the Chairman.

Klein, who will also serve as chief executive officer of the company’s new education division, signed a contract expiring in December 2015, New York-based News Corp. said today in a regulatory filing. He’ll receive a $1 million signing bonus and be eligible for an annual bonus of at least $1.5 million.

Klein, 64, announced in November that he was leaving the largest U.S. school system after eight years to join News Corp. as a board member and senior adviser to Chairman and Chief Executive Officer Rupert Murdoch. Two weeks later, News Corp. agreed to buy 90 percent of education-technology provider Wireless Generation for $360 million, marking the media company’s foundation of an education business.

His new salary tops his pay of $250,000 a year as schools chancellor, according to the 2009 Green Book, the official directory of the City of New York. He was replaced as chancellor by Cathleen Black, chairman of Hearst Magazines.

News Corp., which owns the Wall Street Journal and the Fox broadcast network, rose 23 cents to $14.99 at 4 p.m. today in Nasdaq Stock Market trading. The shares gained 6.4 percent last year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.