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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

iHeartMedia Elevates Mike McGuinness to CFO Role
iHeartMedia elevates Executive Vice President of Finance and Deputy Chief Financial Officer Mike McGuinness to Chief Financial Officer, effective January 1, according to an SEC filing released Monday. The move shifts the long-held CFO responsibilities of Rich Bressler, who has carried the title since joining More

Veteran Programmer Michelle Matthews Dies at 54
Michelle Matthews
Michelle Matthews
American General Media's Albuquerque cluster is mourning the loss of Operations Manager Michelle Matthews, who passed away Thanksgiving morning following a battle with health issues. She was 54. Matthews joined AGM's Albuquerque group in May, bringing with her decades of programming and leadership More

The Money Pit Radio Show to End After 25-Year Run
The Money Pit
The Money Pit
After more than a quarter-century helping homeowners tackle projects big and small, The Money Pit Radio Show will air its final broadcast the weekend of December 27-28. The syndicated home improvement program, produced by Money Pit Media and Squeaky Door Productions, is concluding its run following the More
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BFOA Urges Industry Support Ahead of Giving Tuesday
Broadcasters Foundation of America (BFOA)
Broadcasters Foundation of America (BFOA)
With Giving Tuesday set for December 2, the Broadcasters Foundation of America (BFOA) is calling on the radio and television industry to support colleagues facing life-altering hardship. The charity provides financial assistance to broadcast professionals whose lives have been More

MusicMaster Adds Pete Manriquez to North America Team
Pete Manriquez
Pete Manriquez
MusicMaster has expanded its North American operations with the addition of veteran programmer Pete Manriquez, who joins the company as Sales and Support Associate. In this new role, Manriquez will support MusicMaster's Spanish-speaking clients across the Americas and drive new business development More

Advertisers Show Rising Demand for FM Geotargeting
GEO Broadcast Solutions
GEO Broadcast Solutions
New data from Advertiser Perceptions indicates that advertiser interest in geotargeted AM/FM radio is reaching an all-time high - and many marketers say they're ready to boost their audio budgets if broadcasters can deliver localized over-the-air messaging. According to the study, 90% of marketers and More

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