Classic Rock and Gizmodo publisher in line for £18m payday

Josh Hall's picture

The head of Future, the publishing company behind media brands including Gizmodo and Classic Rock magazine, is set to take home a bonus of almost £18 million.

Zillah Byng-Thorne, the publisher's chief executive, is in line for the payday after meeting a range of performance targets.

In particular, Byng-Thorne has seen Future's share price rise by twenty times.

As The Times reports, she has presided over a series of acquisitions that have boosted advertising revenue and built the publisher's footprint in the States.

But investor sentiment has soured on Byng-Thorne's remuneration, with one-third refusing to endorse her pay package at Future's most recent annual meeting.

That package saw Byng-Thorne take home £4.78 million in the year to last September, including £1.45 million in shares.