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A Mark, a Yen, a Buck or a Pound: It’s Money, Money Money that Makes the Media Moguls Go ‘Round

May 10, 2010  •  Post A Comment

A piece by Meg James in the Los Angeles Times about 2009 compensation for media moguls makes the point that "while most CEOs of U.S. companies saw their compensation fall in 2009, top executives of TV, movie and cable companies continued to rake it in."

The article notes that this trend is despite the fact that "Media companies have laid off thousands of employees, cut TV and movie production budgets and crunched news divisions as the economic moorings of their businesses were eroded by declining DVD sales, a slowdown in advertising and the migration of viewers to the Internet and other forms of entertainment."

Here’s the 2009 total compensation package of the top 10 media executives, according to a chart that accompanied the Times’ article:

Greg Maffei, CEO, Liberty Media……………..$88.5 million
Leslie Moonves, CEO, CBS Corp……………$43.2 million
Philippe Dauman, CEO, Viacom Inc………$34.0 million
Steve Burke, COO, Comcast Corp………….$34.0 million
Sumner Redstone, Chairman,
Viacom & CBS………………………………………….$33.1 million
Brian Roberts, CEO Comcast Corp…………$27.2 million
Tom Dooley, CFO, Viacom Inc…………………$27.0 million
Thomas Rutledge, COO, Cablevision…….$26.1 million
Peter Chernin, COO, News Corp……………..$25.5 million
Bob Iger, CEO, Walt Disney Co………………..$23.9 million
Jeffrey Katzenberg, CEO,
Dreamworks Animation……………………..$23.4 million
Rupert Murdoch, CEO, News Corp……….$22.2 million
Jeff Bewkes, CEO, Time Warner Inc…….. $19.6 million
John Hendricks, Chairman,
Discovery Communications………………..$17.3 million
James Dolan, CEO Cablevision…………..$17.1 million
Chuck Dolan, Chairman, Cablevision……..$16.0 million
Glenn Britt, CEO, Time Warner Cable……..$15.9 million
David Zaslav, CEO, Discovery Comm……..$11.7 million
John Riccitiello, CEO, Electronic Arts………$11.1 million
Tom Staggs, CFO, Walt Disney Co…………$8.7 million
Ken Lowe, CEO,
Scripps Networks Interactive……………….$7.0 million

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