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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

Radio Groups Push FCC to Lift Ownership Caps
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
Connoisseur Media and Beasley Media Group are urging the Federal Communications Commission to eliminate or significantly relax local radio ownership limits, arguing that rules adopted nearly 30 years ago no longer reflect today's competitive media landscape and are putting the radio industry at a growing More

KBAY Country Expands to Stronger 98.5 FM Signal
KBAY-FM San Jose
KBAY-FM San Jose
Connoisseur Media has expanded the reach of 98.5 KBAY (Bay Country) by moving the Country outlet to the stronger 98.5 FM 10kW signal, increasing its coverage throughout the South Bay and surrounding communities. Effective immediately, KBAY's Country format is now More

Audacy Adds FM Sports Simulcast in Houston
KKHH (95.7 The Fan) Houston
KKHH (95.7 The Fan) Houston
Audacy flips Adult Hits KKHH (95.7 The Spot) to "95.7 The Fan," expanding its sports radio footprint in Houston with an FM simulcast of KILT (SportsRadio 610), beginning August 13. The move gives the company an FM sports station in each of the nation's top 10 markets. Audacy also More
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Amie Pollard Acquires Heritage WOOF Stations
Amie Pollard
Amie Pollard
Veteran broadcaster Amie Pollard has acquired Dothan, AL heritage stations WOOF-FM (99.7) and WOOF-AM (560), along with FM translators W261AT (100.1) and W296DQ (107.1), through her newly formed AMP Media LLC. The acquisition marks a milestone for the nearly 80-year-old stations, making Pollard only the More

Cumulus Media Renews Memphis Tigers Partnership
WKIM-FM Memphis
WKIM-FM Memphis
Cumulus Media Memphis has renewed its partnership with Tiger Sports Properties, the locally based Learfield team, extending its multi-year agreement to remain the radio home of University of Memphis athletics. Under the renewed agreement, WKIM-FM (News Talk 98.9 The Roar) will continue to broadcast More

TikTok, iHeart Launch "Delivering Happiness" Podcast
Delivering Happiness
Delivering Happiness
TikTok and iHeartPodcasts have partnered to bring the celebrity-driven series "Delivering Happiness" to podcast listeners as part of the expanding TikTok Podcast Network. Hosted by actor Nick Turturro and created by Lawrence Longo of Prince St. Pizza, the series combines real pizza deliveries with unscripted More

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