Tribune Media CEO Peter Liguori Takes Pay Cut in 2015, Extends Deal as CEO

Tribune Media Logo
Courtesy of Tribune Media

Tribune Media CEO Peter Liguori saw his compensation drop by more than half in 2015 after he reaped a huge stock bonus in 2014.

Liguori has also extended his contract to lead the Chicago-based owner of major-market TV stations and cabler WGN America through the end of 2017, according to a Securities and Exchange Commission filing.


Outsiders TV Review WGN

Tribune Media, WGN America Fight TV’s Headwinds as ‘For Sale’ Sign Goes Up

Liguori’s total compensation dropped to $8.06 million in 2015, a little less than the $8.7 million that he took home in 2013. In 2014, Liguori’s paycheck was fattened by $11 million in stock options after Tribune completed its acquisition of the Local TV station group.

This year, Liguori was granted about $5 million in stock awards and stock options, on top of his base salary of $1.6 million and another $1.5 million in incentive compensation. He did not receive a bonus in 2015.

Tribune last month hung out the “For Sale” sign, announcing that it was pursuing acquisition and partnership options for its core assets. Tribune is said to be preparing to actively shop some of its digital data assets including the Gracenote music data tracking service that it acquired from Sony Corp. for $170 million in 2014.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety