by: Alistair Osborne | The Telegraph

The 81-year old News Corp chairman and chief executive is one of four directors, including his son James, who was forced to take a cut to their cash bonuses in the latest financial year.

A News Corp proxy filing ahead of the company’s AGM on Oct 16, said the Compensation Committee had “determined to award only half of the qualitative portion of the annual bonus” in light of the scandal that has so far cost the company $224m and its bid for the whole of BSkyB.