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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

RAB, Borrell to Preview 2027 Digital Ad Outlook
Gordon Borrell
Gordon Borrell
RAB and Borrell Associates will examine what's driving digital revenue growth for radio stations and preview the 2027 advertising outlook in a live presentation Wednesday, November 18, at noon CT/1pm ET. The session, "Digital Progress Report for 2026 - What to Expect in 2027," is complimentary for RAB More

Bob Moore, Executive Who Shaped KLSX, Dies
Bob Moore
Bob Moore
Bob Moore, the Los Angeles radio executive who helped turn KLSX from Classic Rock into one of the country's top-billing FM Talk stations, died Tuesday, November 10, at Cedars-Sinai Medical Center in Los Angeles. A native of Oshkosh, WI, Moore oversaw KHTZ, KLSX and KRLA during his tenure with Greater More

SiriusXM Names William Twomey Chief Accounting Officer
SiriusXM
SiriusXM
Sirius XM Holdings has named William Twomey Senior Vice President and Chief Accounting Officer, effective December 1. The company disclosed the appointment in a Form 8-K dated November 13. Twomey will serve as SiriusXM's principal accounting officer. Twomey, 51, has served as More

Audacy Names Zach Gelb Brand Manager of 104.3 WQAM
Zach Gelb
Zach Gelb
Audacy has named Zach Gelb Brand Manager of Sports 104.3 WQAM in Miami, following the first anniversary of the station's FM launch. Gelb will oversee content strategy, talent, operations and branding, including flagship coverage of the Florida Panthers, Miami Heat, Miami Marlins and University of Miami More

iHeartMedia Denies Plans to Sell Podcast Business
iHeartMedia
iHeartMedia
iHeartMedia says it has no plans to sell its podcast business after Bloomberg reported that the company was exploring a sale of part or all of the operation to raise cash and bolster its share price. Bloomberg, citing people familiar with the matter, said iHeartMedia had held preliminary talks with More

Saga Q3 Revenue Falls 5.4% as Net Loss Widens
Saga Communications
Saga Communications
Saga Communications reported third-quarter net revenue of $26.7 million, down 5.4% from $28.2 million a year earlier. The company's net loss widened to $7.1 million from $532,000, primarily because of a $9.2 million noncash impairment charge on its FCC licenses. Saga attributed More

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