How’s this for a nice windfall? Shine has paid staff a flat bonus of £10,000 ($16,380), having finalized the £415 million takeover deal by News Corp. This is according to TV trade Television Business International. The flat bonus was paid last week to all permanent staff who had been at the TV production and distribution group for a year or longer irrespective of job title, though some senior managers would have had larger payouts because of shares and options held. Shine declined to comment but confirmed to TBI the bonus was paid to employees last Wednesday/Thursday by way of thanks for building the company before its sale to the Murdoch empire. It is not clear how many Shine employees have qualified for the bonus, though the group’s headcount can run to 1,000, depending on what is in production. Shine’s portfolio includes Reveille’s The Biggest Loser and The Office. The News Corp deal for Shine was announced in late February. It closed earlier this month. Remember that Liz Murdoch first set up Shine in 2001 bolstered by an output deal at Sky TV, the UK pay-TV giant controlled by her father Rupert.


Great! Can you imagine a US company doing so? With huge returns the big Studios cry poverty to those who do the hard work and try to cut their salaries down… and then they wonder why the economy is not getting better. It’s the money stupid! when people have no money to spend, it will never get better…
At least there is some trickle down effect with papas cash. Too bad those employees are joining News Corp and can kiss bonus’ goodbye.
US companies should take a lesson
Gosh, those Murdochs are such AWESOME people! They only think of us, the little folks!
You’re kidding me, right – sold co. to family owned co. for $600MM – puts most of that in pocket and gives $16k flat bonuses to maybe 100 employees – looks like under $2MM out of pocket to keep folks somewhat happy – sure, most co’s don’t give ANY, but sheeeesh, she’s already set to inherit hundreds of millions, at the least!!!
$16,000 is certainly nothing to sneeze at, especially if you’re an assistant. Obviously Elisabeth Murdoch knows how to treat her employees, which is why Shine has been able to grow exponentially over the last few years. In a business where people change jobs every 12 months, loyalty to a company doesn’t seem to exist anymore. Why? Because most CEO’s could care less about their employees, never mind the ones at the bottom. Gestures like that mean a lot to people and are not forgotten over the long term. All the CEO’s in this business should take note.
I think you missed a zero off your employee account (based on the article), but your point is still a good one, IMO. Even if one goes with the upper employee number of 1,000 and assume they were all given £10k, that’s still only £10 million out of a sale price in the hundreds of millions.
This is one of those gestures that’s great for PR but is still really nothing more than a gesture. Of course, you can’t give the proles too much money; that might give them a sense of actual freedom, or they might take some extended time off, or do something consequential with their lives that doesn’t involve serving their masters’ purpose – can’t have that.
Oh well, I guess this tiny amount of sharing of her vast wealth might make her sleep better at night.
Geez, so how much do you think assistants should have gotten in this case? $50,000….$100,000 bonuses?
If people aren’t satisfied with their job they should do themselves and their companies a favor and quit. Maybe then they can do something “consequential” with their lives.
Why all the haters? I’m pretty sure every one of those employees was more than happy to receive the bonus. $16k is a LOT of money as a flat bonus for lower level employees. I didn’t see have the negative comments when the great Comcast gave out a whopping 25 shares (currently worth $600) to their employees when the NBC merger went down. And they can’t even cash those measly shares in for another 2 1/2 years.