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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.

Latest Radio Stories

Fred Jacobs to Step Down as Jacobs Media President
Fred Jacobs
Fred Jacobs
Jacobs Media founder and President Fred Jacobs will step down at the end of 2026, with his brother, Paul Jacobs, succeeding him. Fred will become Chairman and remain involved in research, select client work and other areas of the business. "I've been thinking about this for a couple of years now, and I'm More

Civic Media's IA, IL Station Deals Total $3.3 Million
Civic Media
Civic Media
Civic Media's planned acquisition of 16 radio signals in Iowa and Illinois carries a combined purchase price of $3.3 million, according to asset purchase agreements filed with the FCC. Financial terms were not disclosed when the transactions were announced in October. Under More

Zimmer Names Mike Stern Director of Programming
Mike Stern
Mike Stern
Zimmer Communications has named Mike Stern Director of Programming, effective November 16. The veteran programmer joins the company after 13 years as a consultant at Jacobs Media, where his clients included Zimmer for more than a decade. Stern will oversee programming, music and on-air strategy across More

Voiceover Talent Steve 'Zeus' Stewart Dies at 59
Steve ''Zeus'' Stewart
Steve ''Zeus'' Stewart
Steve "Zeus" Stewart, a voiceover talent whose work spanned radio imaging, television networks and sports promotions, died October 26 at age 59, according to his obituary. He lived in Little River, SC. A cause of death was not disclosed. Born Steven Curran Stewart in Greensboro, NC, he grew up in Raleigh More

KS95 Names Gabe & Angie to Afternoon Drive
Greg and Angie
Greg and Angie
Hubbard's KSTP-FM (KS95) in Minneapolis-St. Paul has named Gabe Glidden and Angie Morales as its new afternoon hosts, effective December 28. The duo most recently hosted mornings at BIG 98.7 in Fargo-Moorhead. "We're thrilled to welcome Gabe & Angie to KS95," said Hubbard Vice President/Brand and Content More

Nikki Preston Joins Kiss 98.5 Buffalo Morning Show
Nikki Preston
Nikki Preston
Audacy's WKSE-FM (Kiss 98.5) in Buffalo has added Nikki Preston as morning co-host alongside Nicholas Picholas and Wease. The show airs weekdays from 6-10am ET. Preston returns to Western New York after more than a decade working in Southern California. She most recently hosted middays on 96.7 KCAL Rocks. More

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