Advertising Age Data Center
Top executive salaries for major media companies
Company Executive Title Age Total compensation(1) 1997 Total compensation(1) 1996 % chg Salary 1997 Bonus 1997 Other 1997
Broadcast CBS Corp.(18) Michael H. Jordan Chmn/CEO 61 $3,168,104 $2,019,702 56.9 $1,000,000 $2,000,000 $168,104
Chris-Craft Industries Herbert J. Siegel Chmn/Pres 69 4,379,600 4,114,631 6.4 1,033,043 2,124,300 1,222,257
General Electric Co. John F. Welch Jr. Chmn/CEO 62 8,800,797 21,992,085 -60.0 2,500,000 5,500,000 800,797
LIN Television Corp. Gary R. Chapman Pres/CEO 53 727,305 669,882 8.6 500,000 205,000 22,305
Sinclair Broadcast Group David D. Smith Chmn/Pres/CEO 47 1,459,020 1,091,969 33.6 1,354,490 98,224 6,306
USA Networks (formerly HSN) Barry Diller Chmn/CEO 55 1,282,343 2,899,230 -55.8 0 0 1,282,343
Young Broadcasting Vincent J. Young Chmn/CEO 50 1,939,583 1,322,544 46.7 862,500 797,057 280,026
Cable Cablevision Systems Corp. James. L. Dolan CEO 42 3,513,684 823,394 326.7 550,000 2,750,000 213,684
Cablevision Systems Corp. Charles F. Dolan Chmn 71 1,365,962 900,934 51.6 525,000 525,000 315,962
Century Communications Corp. Leonard Tow Chmn/CEO 70 4,645,710 4,570,341 1.6 2,052,070 500,000 2,093,640
Comcast Corp. Ralph J. Roberts Chmn 78 7,883,011 7,784,556 1.3 870,185 0 7,012,826
Cox Communications James O. Robbins Pres/CEO 55 648,000 606,000 6.9 642,000 0 6,000
Jones Intercable Glenn R. Jones Chmn/CEO 68 2,877,290 2,777,482 3.6 2,714,425 0 162,865
Lenfest Group H.F. Lenfest Pres/CEO 68 1,005,018 1,268,135 -20.7 749,996 0 255,022
MediaOne Group Charles M. Lillis Pres/CEO 56 1,439,018 1,076,040 33.7 618,115 630,000 190,903
TCA Cable Fred R. Nichols Chmn/CEO 51 263,578 240,892 9.4 251,437 0 12,141
Tele-Communications Inc. John C. Malone Chmn/CEO 57 837,664 921,996 -9.1 819,346 0 18,318
Entertainment Time Warner Gerald M. Levin Chmn/CEO 58 7,857,255 5,369,397 46.3 1,050,000 6,500,000 307,255
Time Warner R.E. Ted Turner Vice Chmn 59 6,138,085 1,253,465 389.7 1,050,000 5,000,000 88,085
Universal Studios(19) Frank J. Biondi Jr. Chmn/CEO 53 6,608,713 7,642,258 -13.5 1,000,000 4,988,385 620,328
Viacom Philippe P. Dauman Deputy Chmn/Exec VP 43 3,923,530 3,331,332 17.8 1,100,000 2,750,000 73,530
Walt Disney Co. Michael D. Eisner Chmn/CEO 55 10,653,820 8,653,520 23.1 750,000 9,900,000 3,820
Magazines American Media Peter J. Callahan Chmn/Pres/CEO 56 1,207,771 1,348,967 -10.5 350,000 198,500 659,271
CMP Media Michael S. Leeds Pres/CEO 45 1,706,939 2,521,298 -32.3 600,000 1,092,458 14,481
McGraw-Hill Cos. Joseph L. Dionne Chmn 64 4,657,976 3,436,434 35.5 1,035,000 1,288,016 2,334,960
McGraw-Hill Cos. Harold W. McGraw III CEO 49 2,748,322 2,056,383 33.6 666,000 710,409 1,371,913
Meredith Corp. (20) William T. Kerr Chmn/CEO 57 1,311,845 1,235,336 6.2 575,000 718,750 18,095
Petersen Cos. D. Claeys Bahrenburg Vice-Chmn 50 817,656 133,333 513.2 500,000 310,000 7,656
Petersen Cos. James D. Dunning Jr. Chmn/CEO 50 $444,941 $33,750 NA $200,000 $200,000 $44,941
Pittway Corp. King Harris Pres/CEO 54 1,025,206 1,054,946 -2.8 550,000 470,000 5,206
Playboy Enterprises Christie Hefner Chmn/CEO 44 689,768 795,235 -13.3 499,980 178,781 11,007
Primedia William F. Reilly Chmn/CEO 59 1,946,508 1,914,090 1.7 933,168 736,649 276,691
Reader's Digest Association(21) James P. Schadt Chmn/CEO 59 972,327 1,493,267 -34.9 850,000 0 122,327
Reed Elsevier(22) Nigel J. Stapleton Co-Chmn 51 898,391 1,031,034 -12.9 898,391 0 0
Reed Elsevier Herman J. Bruggink Co-Chmn 51 763,027 1,158,870 -34.2 763,027 0 0
United News & Media(23) Clive Hollick Chief Executive 52 1,091,803 992,221 10.0 634,516 431,399 25,888
Newspapers A. H. Belo Corp. Robert W. Decherd Chmn/Pres/CEO 46 1,336,317 1,300,540 2.8 625,000 630,000 81,317
Central Newspapers Louis A. Weil III Pres/CEO 57 911,390 808,073 12.8 472,500 360,000 78,890
Dow Jones & Co. Peter R. Kann Chmn/CEO 55 1,387,579 1,540,375 -9.9 735,000 190,000 462,579
E. W. Scripps Co. William R. Burleigh Pres/CEO 62 1,008,670 878,875 14.8 600,000 403,920 4,750
Gannett Co. John J. Curley Chmn/CEO 59 2,232,161 1,829,410 22.0 900,000 1,250,000 82,161
Harte-Hanks Communications Larry Franklin Pres/CEO 55 1,514,800 1,414,800 7.1 750,000 750,000 14,800
Hollinger International Conrad M. Black Chmn/CEO 54 3,027,304 2,617,886 15.6 1,275,047 1,491,804 260,453
Journal Register Co. Robert M. Jelenic Chmn/Pres/CEO 47 11,578,029 1,350,667 757.2 625,000 10,497,142 455,887
Knight-Ridder P. Anthony Ridder Chmn/Pres/CEO 57 1,549,762 1,416,945 9.4 775,000 760,000 14,762
Lee Enterprises Richard D. Gottlieb Pres/CEO 55 1,028,997 859,673 19.7 535,500 250,000 243,497
Media General J. Stewart Bryan III Chmn/Pres/CEO 59 1,018,216 972,705 4.7 675,000 308,175 35,041
New York Times Co. Arthur Ochs Sulzberger Chmn emeritus 72 1,427,581 1,402,753 1.8 598,000 822,200 7,381
New York Times Co. Russell T. Lewis Pres/CEO 50 1,168,100 896,621 30.3 497,500 665,800 4,800
New York Times Co. Arthur O. Sulzberger Jr. Chmn/Pub, New York Times 46 999,533 963,700 3.7 485,833 510,200 3,500
Pulitzer Publishing Co. Michael E. Pulitzer Chmn/Pres/CEO 68 1,511,038 1,453,811 3.9 918,115 554,972 37,951
Thomson Corp. Kenneth R. Thomson Chmn 75 1,118,099 1,112,570 0.5 1,118,099 0 0
Thomson Corp.(24) Richard J. Harrington Pres/CEO NA 3,962,438 3,175,780 24.8 916,656 1,400,000 1,645,822
Times Mirror Co. Mark H. Willes Chmn/Pres/CEO, Pub, LA Times 56 2,951,072 2,997,563 -1.6 905,770 1,968,750 76,552
Tribune Co. John W. Madigan Chmn/Pres/CEO 60 1,931,127 1,481,711 30.3 752,080 1,100,000 79,047
Washington Post Co. Donald E. Graham Chmn/CEO, Pub, Washington Post 52 1,279,732 407,796 213.8 399,996 0 879,736
McClatchy Co. Gary B. Pruitt Pres/CEO 40 1,027,914 757,428 35.7 550,000 350,000 127,914
Radio American Radio Systems Steven B. Dodge Chmn/Pres/CEO 51 252,625 797,252 -68.3 252,625 0 0
Capstar Broadcasting Partners R. Steven Hicks Pres/CEO 48 1,250,000 191,667 552.2 500,000 750,000 0
Chancellor Media Corp. Scott K. Ginsburg Pres/CEO (was chmn, Evergreen) 45 4,474,101 1,715,776 160.8 850,000 3,615,000 9,101
Clear Channel Communications L. Lowry Mays Chmn/CEO 62 2,962,162 2,839,130 4.3 726,014 2,000,000 236,148
Jacor Communications Randy Michaels CEO 44 977,258 1,207,973 -19.1 531,741 442,317 3,200
Other media Ackerley Communications Barry A. Ackerley Chmn/CEO 63 719,598 712,334 1.0 500,016 200,000 19,582
Advo Inc. Robert Kamerschen Chmn/CEO 61 981,921 637,072 54.1 507,200 440,625 34,096
America Online (25) Stephen M. Case Chmn/Pres/CEO 40 1,179,590 275,076 328.8 426,667 750,000 2,923
Outdoor Systems Arturo R. Moreno Pres/CEO 50 3,079,510 1,891,959 62.8 475,000 2,598,294 6,216
Valassis Communications David A. Brandon Chmn 45 11,546,120 2,012,000 473.9 1,000,000 1,000,000 9,546,120
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, restricted stock awards and long-term incentive plan payouts under long-term compensation awards, and "all other compensation." These are the only proxy columns with dollar values. 18) Mr. Jordan will retire Jan. 1, 1999 as chairman/CEO of CBS Corp. He will be replaced at CEO by Mel Karmazin, current President/COO. 19) Chairman/CEO Frank J. Biondi Jr. was ousted in mid-November 1998 by Edgar Bronfman Jr., CEO of Seagram, Universal Studio's parent, and replaced by Ron Meyer, president COO at Universal. Mr. Meyer will report directly to Mr. Bronfman who says he wants greater control of Universal. Mr. Biondi was hired two years ago in a five-year deal valued at about $76 million. 20) Meredith's William T. Kerr became chairman of Meredith in January 1998 with the retirement of Jack D. Rehm. Mr. Kerr had been named CEO a year earlier. 21) James P. Schadt retired as chairman/CEO in August 1997 and was replaced by George V. Grune, 68, a position he held prior to his retirement in August 1995. Mr. Grune will earn $660,000 in salary his first year and a bonus of $396,000. 22) Nigel J. Stapleton became co-chairman of Reed Elsevier in 1997 following the retirement of then co-chairman Ian Irvine. 23) Clive Hollick became the highest paid executive at United News & Media (Miller Freeman is its big U.S. interest) in April 1997 when Chairman Lord Stevens of Ludgate became part-time chairman, which reduced his pay. 24) Richard J. Harrington became president/CEO of Thomson Corp. in October 1997 when he assumed those offices from W. Michael Brown, now deputy chairman. 25) Chairman/CEO Stephen M. Case turned over his title of president to John W. Pittman in February 1998. AA Chart: R. Craig Endicott, Megan Friedly, and Peter Killian