Rupert Murdoch and the head of his global media group News Corp have had millions of dollars trimmed from their annual pay packets.
Mr Murdoch's remuneration package for his role as executive chairman fell by almost $US3.7 million ($A5.27 million) to $US5 million ($A7.12 million) in the 2014/15 financial year.
News Corp chief executive Robert Thomson's pay was cut by $US2 million ($A2.85 million) to $US10.3 million ($A14.66 million).
While their base salaries remained steady at $US1 million and $US2 million, respectively, there were cuts to the value of News Corp shares awarded to them.
Mr Murdoch's sons - News Corp co-chairman Lachlan Murdoch and 20th Century Fox chief executive James Murdoch - each earned $US100,000 in cash and $US125,000 worth of shares for their work as News Corp directors.
The amounts paid to Mr Murdoch's sons were the lowest out of the 10 News Corp board members who received remuneration.
The global media giant, which owns newspapers including The Australian, The Times in Britain and The New York Post, made a $US149 million loss in 2014/15.
That was due to a big writedown on a troubled education business in the US, while revenues from its newspapers continued to slide.
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