Advertising Age Data Center
Top executive salaries for major media companies
Lead revenue segment Company Executive Title Age Total compensation 1998(1) Total compensation 1997(1) % chg Salary 1998 Bonus 1998 Other 1998
Broadcast CBS Corp.(18) Michael H. Jordan Chmn/CEO 62 $8,102,652 $3,168,104 155.8 $1,000,000 $1,000,000 $6,102,652
CBS Corp.(19) Mel Karmazin Pres/CEO 55 6,004,294 3,928,749 52.8 1,000,000 3,000,000 2,004,294
Chris-Craft Industries Herbert J. Siegel Chmn/Pres 70 4,320,242 4,379,600 -1.4 1,050,604 2,133,810 1,135,828
Walt Disney Co. Michael D. Eisner Chmn/CEO 56 5,768,243 10,653,820 -45.9 764,423 5,000,000 3,820
Walt Disney Co. Roy E. Disney Vice chmn 68 920,235 1,200,620 -23.4 509,615 410,000 620
Fox Family Worldwide Mel Woods Pres/COO/CFO 47 1,102,100 3,005,200 -63.3 452,100 650,000 0
Fox Family Worldwide Haim Saban Chmn/CEO 54 1,000,000 1,000,000 0.0 1,000,000 0 0
General Electric Co.(20) John F. Welch Jr. Chmn/CEO 63 10,936,461 8,800,797 24.3 2,800,000 7,200,000 936,461
General Electric Co. John D. Opie Vice chmn 61 7,820,109 2,729,854 186.5 1,133,333 2,000,000 209,505
LIN Television Corp. Gary R. Chapman Pres/CEO 55 1,013,863 727,305 39.4 500,000 500,000 13,863
News Corp. Peter Chernin Pres/COO 48 11,719,000 NA NA 3,150,000 8,313,000 256,000
News Corp. K. Rupert Murdoch Chmn/CEO 68 6,337,000 NA NA 4,191,000 2,000,000 146,000
Paxson Communications Corp. Jeffrey Sagansky Pres/CEO 47 579,615 NA NA 379,615 0 200,000
Paxson Communications Corp. Lowell W. Paxson Chmn 64 540,850 2,298,500 -76.5 465,850 75,000 0
Sinclair Broadcast Group David D. Smith Pres/CEO 48 1,799,041 1,459,020 23.3 1,290,000 502,526 6,515
Univision Communications Henry Cisneros Pres/COO 53 2,233,205 1,774,359 25.9 493,205 500,000 1,240,000
USA Networks Barry Diller Chmn/CEO 56 1,415,395 1,282,343 10.4 126,923 0 1,288,472
Young Broadcasting Vincent J. Young Chmn/CEO 51 1,923,383 1,939,583 -0.8 862,500 796,094 264,789
Cable Adelphia Communications John J. Rigas Chmn/Pres/CEO 74 1,733,317 1,709,046 1.4 1,271,939 0 461,378
Cablevision Systems Corp. James L. Dolan Pres/CEO 43 3,537,682 3,513,684 0.7 900,000 2,500,000 137,682
Cablevision Systems Corp. Charles F. Dolan Chmn 72 2,533,229 1,365,962 85.5 900,000 1,160,000 473,229
Century Communications Corp.(21) Leonard Tow Chmn/CEO 71 6,555,721 4,645,710 41.1 2,112,665 2,250,000 2,193,056
Comcast Corp. Ralph J. Roberts Chmn 79 10,868,150 7,883,011 37.9 1,000,000 500,000 9,368,150
Cox Communications James O. Robbins Pres/CEO 56 731,000 648,000 12.8 725,000 0 6,000
EchoStar Communications Corp. Charles W. Ergen Chmn/Pres/CEO 46 269,592 203,044 32.8 248,082 0 21,510
Time Warner Gerald M. Levin Chmn/CEO 59 9,584,746 7,857,255 22.0 1,000,000 7,800,000 784,746
Time Warner R.E. Ted Turner Vice Chmn 60 7,337,339 6,138,085 19.5 700,000 6,000,000 637,339
Viacom(22) Philippe P. Dauman Deputy Chmn/Exec VP 44 7,813,288 4,023,530 94.2 1,000,000 6,000,000 813,288
Magazines Emap Kevin Hand Group CEO 47 573,700 385,943 48.6 557,119 0 16,581
Emap Tom Moloney Pres/COO Emap Petersen 40 427,801 353,174 21.1 376,400 36,478 14,923
McGraw-Hill Cos. Harold W. McGraw III Pres/CEO 50 3,267,157 2,748,322 18.9 712,000 759,562 1,795,595
Meredith Corp. William T. Kerr Chmn/CEO 58 1,483,464 1,311,845 13.1 615,000 845,624 22,840
Penton Media Thomas L. Kemp CEO 47 779,430 695,322 12.1 450,000 320,500 8,930
Primedia William F. Reilly Chmn/CEO 60 1,889,140 1,946,508 -2.9 990,002 594,756 304,382
Reader's Digest Assn.(23) Thomas O. Ryder Chmn/CEO 55 2,383,250 131,923 NA 700,000 1,328,750 354,500
Reed Elsevier Nigel J. Stapleton Co-Chmn 52 1,172,053 898,391 30.5 943,869 188,774 39,410
Reed Elsevier Herman J. Bruggink Co-Chmn 52 876,523 763,027 14.9 757,668 75,576 43,279
TV Guide Inc. Peter C. Boylan III Pres/COO 35 772,197 595,416 29.7 406,637 325,000 40,560
United News & Media Clive Hollick Chief Executive 53 1,021,690 1,091,803 -6.4 994,855 0 26,835
Ziff Davis Jason E. Chudnofsky Pres/CEO, ZD Events 55 1,183,516 1,128,269 4.9 800,000 288,493 95,023
Ziff Davis Eric Hippeau Chmn/CEO 47 1,067,566 1,381,629 -22.7 1,050,000 0 17,566
Newspapers A. H. Belo Corp. Robert W. Decherd Chmn/Pres/CEO 47 777,273 1,336,317 -41.8 696,000 0 81,273
Central Newspapers Louis A. Weil III Pres/CEO 58 784,007 911,390 -14.0 521,667 198,750 63,590
Dow Jones & Co. Peter R. Kann Chmn/CEO 56 1,679,500 1,387,579 21.0 750,000 402,885 526,615
Gannett Co. John J. Curley Chmn/CEO 60 2,499,274 2,232,161 12.0 900,000 1,500,000 99,274
Harte-Hanks Communications Larry Franklin Pres/CEO 56 1,494,920 1,514,800 -1.3 800,000 680,000 14,920
Hollinger International Conrad M. Black Chmn/CEO 55 684,492 2,196,536 -68.8 468,105 0 216,387
Journal Register Co. Robert M. Jelenic Chmn/Pres/CEO 48 1,300,373 11,778,029 -89.0 825,000 195,000 280,373
Knight-Ridder(24) P. Anthony Ridder Chmn/CEO 58 1,839,690 1,549,762 18.7 810,000 415,242 614,448
Lee Enterprises Richard D. Gottlieb Pres/CEO 56 925,231 1,068,272 -13.4 570,000 85,500 269,731
McClatchy Newspapers Gary B. Pruitt Pres/CEO 41 1,103,456 1,027,914 7.3 650,000 445,000 8,456
Media General J. Stewart Bryan III Chmn/Pres/CEO 60 1,131,832 1,018,216 11.2 720,000 374,656 37,176
New York Times Co. Arthur O. Sulzberger Jr. Chmn/Pub, New York Times 47 1,111,154 999,533 11.2 575,000 530,319 5,835
New York Times Co. Russell T. Lewis Pres/CEO 51 1,089,707 1,174,988 -7.3 570,000 503,100 16,607
Pulitzer Publishing Co. Michael E. Pulitzer Chmn/Pres/CEO 69 1,856,855 1,511,038 22.9 978,154 851,796 26,905
E. W. Scripps Co. William R. Burleigh Pres/CEO 64 947,350 1,008,670 -6.1 700,000 242,550 4,800
Thomson Corp. Kenneth R. Thomson Chmn 75 1,093,821 1,118,099 -2.2 1,093,821 0 0
Times Mirror Co. Mark H. Willes Chmn/Pres/CEO, Pub, LA Times 57 2,971,657 2,954,192 0.6 900,000 2,025,000 46,657
Tribune Co. John W. Madigan Chmn/Pres/CEO 61 1,773,216 1,931,127 -8.2 797,065 900,000 76,151
Washington Post Co. Donald E. Graham Chmn/CEO, Pub, Washington Post 53 408,316 1,279,732 -68.1 399,996 0 8,320
Other media Ackerley Communications Barry A. Ackerley Chmn/CEO 64 1,206,923 719,598 67.7 750,000 311,250 145,673
Advo Inc. Robert Kamerschen Chmn/CEO 62 1,029,473 981,921 4.8 541,815 452,704 34,954
America Online Stephen M. Case Chmn/CEO 41 1,579,932 1,179,590 33.9 575,000 1,000,000 4,932
Excite@Home Thomas A. Jermoluk Chmn/CEO 42 751,938 701,377 7.2 500,000 250,000 1,938
Valassis Communications(25) Alan F. Schultz Chmn/Pres/CEO 40 898,008 2,815,572 -68.1 442,700 442,700 12,608
Outdoor Lamar Advertising Co. Kevin P. Reilly Jr. Pres/CEO 44 637,500 587,500 8.5 180,000 400,000 57,500
Outdoor Systems Arturo R. Moreno Pres/CEO 51 3,003,925 3,079,510 -2.5 475,000 2,525,000 3,925
Radio AMFM Inc.(26) James E. de Castro Pres/CEO AMFM Radio Group 46 9,903,903 3,408,630 190.6 900,000 3,000,000 6,003,903
AMFM Inc.(26) R. Steven Hicks CEO Capstar 53 2,061,730 1,250,000 64.9 561,730 1,500,000 0
Clear Channel Communications L. Lowry Mays Chmn/CEO 63 3,453,445 2,962,162 16.6 753,425 2,500,000 200,020
Emmis Communications Jeffrey H. Smulyan Chmn/Pres 52 1,073,957 923,452 16.3 762,656 271,301 40,000
Notes: 1 Total compensation adds the columns of salary, bonus, and "other"; "other" includes the "other annual compensation" column in the proxy under annual compensation, long-term incentive plan payouts under long-term compensation awards, and "all other compensation." Dollar amounts from restricted stock awards are not included in total compensation. 17 Ivan Seidenberg became chairman of Bell Atlantic on Dec. 31, 1998 at the retirement of Raymond W. Smith. GTE's Charles Lee and Mr. Seidenberg will split the CEO post in the merger of the two companies. Mr. Seidenberg will be sole CEO in 2002. 18 Michael H. Jordan retired from CBS Corp. at the end of October 1998 and was replaced as CEO by Mel Karmazin. David T. McLaughlin serves as the company's non-exec utive chairman. 19 Mel Karmazin, president-CEO of CBS Corp. as of Nov. 1998, is expected to be named president-COO upon the completed merger of CBS Corp. and Viacom. That merger is planned for mid-year 2000. Mr. Sumner Redstone will remain as acting chairman-CEO of the surviving corporation, Viacom. 20 General Electric's John Welch has announced he'll retire April 2001 and appoint his successor mid-2000. 21 Century Communications (renamed Arahova Communications) became a wholly owned subsidiary of Adelphia Communications Oct. 1, 1999. 22 Sumner M. Redstone, chairman-CEO at Viacom does not receive compensation "except" for the awarding of 4,000,000 options at a value of $52 million. 23 Thomas O. Ryder took over as chairman-CEO of Reader's Digest Association in April 1998. 24 P. Anthony Ridder and other top Knight-Ridder executives received a one-time payment equal to a year's salary to relocate from Miami to San Jose. 25 David A. Brandon resigned as president-CEO of Valassis June 2, 1998 and was replaced by Alan F. Schultz. Mr. Brandon then resigned as chairman on Dec. 31, 1998, handing over those responsibilities to Mr. Schultz. 26 AMFM Inc. is the merger in August 1999 of Chancellor Media and Capstar Broadcasting Corp. Salaries shown were pre-merger. AA Chart: R. Craig Endicott and Megan Friedly