Sky rewards Murdoch with pay-out

$7.4 million cash payment adds to Sky CEO's fortunes

LONDON — BSkyB CEO James Murdoch has pocketed a pay-out of a little under $7.5 million for meeting operational targets.

The pay-out, related to the pay box’s performance since 2004, comes on top of the $5.7 million remuneration package Murdoch was paid for his work at the satcaster for the year ending June 2007.

It confirms his position as by far and away Blighty’s best paid TV topper.

The $7.4 million payment relates to the sale of BSkyB stock held by Murdoch pegged to BSkyB’s mid-market price on the London stock exchange August 13.

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