Crown Media Extends Abbott’s Contract

Jun 1, 2007  •  Post A Comment

Crown Media, which owns the Hallmark Channel, said it extended the employment contract of Bill Abbott, executive VP of national advertising sales.
The new deal is one year longer, expiring in August 2009.
Under the deal, Mr. Abbott, who drew a salary of $520,139 and a bonus of $148,079 in 2006, will be eligible to take part in the company’s ad sales commission plan, according to a filing with the Securities and Exchange Commission.
Mr. Abbott will earn half the commissions of other people in the plan, which is based on the network hitting ad revenue targets, but he could still make as much as 15 percent of his base salary.
Crown last month reported that first-quarter advertising revenue increased 20 percent to $46 million, reflecting higher advertising rates.
(Editor: Horowitz)


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