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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

K-LOVE Inc. to Acquire WZBA-FM in Baltimore
K-LOVE, Inc. has signed an agreement to acquire Classic Rock WZBA-FM (100.7 The Bay) and two associated FM translators serving the Baltimore market from Shamrock Communications, with an application for FCC approval set to be filed. The transaction includes WZBA-FM (100.7 MHz) licensed More

WorldDAB Study Finds Radio Remains Essential in the Car
WorldDAB
WorldDAB
A new international study commissioned by WorldDAB has found that broadcast radio remains the dominant audio choice for drivers, with the vast majority of car buyers viewing radio as an essential feature that should remain prominent and easy to access in modern vehicles. The research, unveiled at More

Warshaw Urges FCC to Ease Radio Ownership Limits
Jeffrey Warshaw
Jeffrey Warshaw
Connoisseur Media CEO Jeffrey Warshaw is urging the Federal Communications Commission to move quickly to relax local radio ownership restrictions, arguing that broadcasters need greater scale to compete with rapidly growing digital media rivals. According to an ex parte filing submitted June 10, Warshaw More
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KCMO Talk Radio Lands Mizzou Athletics Rights
KCMO Talk Radio 95.7 FM and 710 AM
KCMO Talk Radio 95.7 FM and 710 AM
Cumulus Media's KCMO Talk Radio 95.7 FM and 710 AM has been named the new Kansas City-area radio home for Mizzou Athletics under a new agreement with Mizzou Athletics and Learfield's Central Bank Tiger Network. Beginning this fall, KCMO Talk Radio will serve as the exclusive More

Will Calder Named Beasley Tampa Operations Manager
Will Calder
Will Calder
Beasley Media Group has appointed veteran programmer Will Calder as Operations Manager for its Tampa radio cluster, effective June 11. In the newly expanded role, Calder will oversee programming and brand strategy for Beasley Tampa's portfolio, including WLLD-FM (WiLD 94.1), WQYK-FM (99.5 QYK), WRBQ-FM More

iHeartMedia Named Official Media Partner of NXXT Golf
iHeartMedia and NXXT Golf
iHeartMedia and NXXT Golf
iHeartMedia and NXXT Golf have announced a major sponsorship agreement naming iHeartMedia the Official Media Partner of NXXT Golf, a deal the organizations describe as one of the largest audio sponsorship commitments ever made to women's and junior competitive golf. Under the partnership, iHeartMedia More

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