He expects that information to be revealed in the first quarter, and said he hopes that "as little cash as possible is infused into the publishing" wing. The publishing division now includes the HarperCollins book publisher, its education arm headed by former New York schools Chancellor Joel Klein, and newspapers, including The Wall Street Journal, The Times of London, The Sun, The New York Post and The Australian. Robert Thomson, a close confidant of Murdoch and currently managing editor of The Wall Street Journal and editor-in-chief of its publisher, Dow Jones & Co, will lead the new publishing company. Thomson will receive a base salary of $2 million annually and a performance-based annual bonus with a target of $2 million. After three years, he will receive annual grants of a performance-based long-term incentive award. Murdoch will retain his role as Chairman and CEO of the parent and his compensation for the roles is expected to increase modestly.