by: Georg Szalai | Hollywood Reporter

Rupert Murdoch's target direct compensation will grow 15 percent, but be more performance-based after the split of News Corp. into two companies, according to a regulatory filing on Friday.

The split is expected mid-year.

The mogul's target total direct compensation for new News Corp. and 21st Century Fox for fiscal year 2014, which will start mid-year, marks the mid-teen increase.