The chairman and chief executive of Time Warner Inc. saw his paycheck shrink in 2015. The Los Angeles Times reports that Jeff Bewkes’ compensation was $31.5 million, a 4% dip from 2014.

Bewkes’ 2015 package included $2 million in salary, $7.8 million in stock awards, another $8 million in stock options and a $13.4 million cash bonus. Bewkes’ salary was steady, but his stock options and bonus were down a little.

The report cites a filing Friday with the Securities and Exchange Commission.

“Time Warner stock slumped nearly 25% in 2015, amid a broad swoon for the media industry,” the report notes. “Time Warner shares have partially rebounded in 2016 but fell $1.61, or 2.1%, to $75.14 on Friday.”