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CBS CEO Leslie Moonves Earned $32 Million in 2008


According to a proxy report filed on Friday, CBS Corp. CEO Leslie Moonves' overall compensation, including stock and option awards, for 2008 was valued at about $32 million. That's down from the reported $36.8 million in 2007. His salary and bonus totaled $13 million, also down from $23.8 million a year earlier.

Moonves' base pay tumbled to $3.5 million from $5.3 million in 2007. His bonus shrank to $9.5 million in 2008 after the company's stock took a nose dive and lost 70% of its value last year. Moonves has said that he will not take a pay raise this year.

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Latest Radio Stories

Walnut Media Revives WOW on Omaha's AM 590
Walnut Media
Walnut Media
Walnut Media has acquired Sports KXSP-AM (590)/Omaha and will relaunch the station as AM 590 WOW, restoring the legendary WOW call letters to the market while expanding the locally owned company's radio portfolio. The rebrand takes effect July 6, when the 5kW outlet will debut a full-service sports format More

Heather Lomagistro Named Florida Broadcasters CEO
Florida Association of Broadcasters (FAB)
Florida Association of Broadcasters (FAB)
The Florida Association of Broadcasters (FAB) has named Heather Lomagistro President and Chief Executive Officer, effective July 1. She succeeds longtime leader Pat Roberts, who transitions to the role of President Emeritus after nearly four decades at the helm of the organization. More

Justin Credible Joins KZCE Phoenix Mornings
Justin Credible
Justin Credible
Sierra H Multimedia has named radio personality and entertainment influencer Justin Credible as the new morning host on Classic Hip Hop KZCE (101.1 The Bounce)/Phoenix. Justin Credible's Liftoff Show now airs weekdays from 6-10am. Born and raised in Los Angeles, Credible launched his radio career in Las More
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On-Demand Audio Now Accounts for Majority of Listening
Edison Research at SSRS
Edison Research at SSRS
On-demand audio platforms now account for the majority of Americans' audio listening time, according to the latest Share of Ear data from Edison Research. The study finds that 56% of all time spent with audio in 2026 is now devoted to on-demand sources, including streaming music services and podcasts, More

Colorado Public Radio Adds Four to Board
Colorado Public Radio
Colorado Public Radio
Colorado Public Radio (CPR) has elected four new members to its Board of Directors and approved its Fiscal Year 2027 work plan and budget during its June 17 board meeting, ahead of the new fiscal year that began July 1. Joining the board are Chris Castilian, Jessica Cavens, Noelle Hagan and Chris Jensen, More

Cox Media Group Names Bortnick VP of Local Revenue
Danny Bortnick
Danny Bortnick
Cox Media Group (CMG) has appointed Danny Bortnick as Vice President, Local Revenue and Client Growth for its radio division, a newly created leadership role focused on strengthening client partnerships and driving local revenue growth. He joins the company on July 13. Bortnick will partner with CMG More

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