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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

Licata Named CEO of iHeart Multiplatform Group
Ann Marie Licata
Ann Marie Licata
iHeartMedia has named Ann Marie Licata as CEO of its Multiplatform Group, the company's largest operating segment. The Multiplatform Group encompasses the company's Markets Group, which includes more than 860 local broadcast radio stations, as well as its live events and sponsorships division, radio More

Report: Audio Use Surges Among MLB Fans
Audacy Insights
Audacy Insights
Audacy reports a growing shift in how fans follow Major League Baseball, with audio emerging as a key companion to live game viewing. In a new Insights report, the company says today's mobile, multitasking audience is increasingly turning to audio for a more flexible and personalized experience. More

WWNC News/Talk Expands to 92.9 FM in Asheville
WWNC-AM & FM/Asheville NC
WWNC-AM & FM/Asheville NC
iHeartMedia Asheville has expanded the reach of News Radio 570 WWNC by launching a simulcast on 92.9 FM, effective immediately. The move places the station's News/Talk programming on both AM and FM, broadening accessibility for listeners across Western North Carolina. More
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Lisa Varner Named GM of Saga's Ocala Radio Cluster
Lisa Varner
Lisa Varner
Saga Communications has promoted Lisa Varner to Vice President and General Manager of its North Central Florida Media radio group in Ocala, FL, succeeding retiring GM Howard Tuuri. Varner has served as Director of Sales for the three-station cluster over the past four years. In her new role, she will More

Zach Goodman Joins KOA Rockies Broadcast Team
Zach Goodman
Zach Goodman
iHeartMedia Denver's KOA 850AM | 94.1 FM has added Zach Goodman to its Colorado Rockies Radio Network broadcast team. Beginning April 4, Goodman will call all home and away games alongside longtime "Voice of the Colorado Rockies" Jack Corrigan and Executive Producer Jesse Thomas. KOA has served as the More

BFOA Earns Top Ratings for Transparency, Impact
Broadcasters Foundation of America (BFOA)
Broadcasters Foundation of America (BFOA)
The Broadcasters Foundation of America (BFOA) has received top ratings from leading nonprofit evaluators, underscoring its commitment to transparency and effectiveness. The organization earned a Platinum Seal of Transparency from Candid, along with a 100% "Give With Confidence" score More

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