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

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.

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.

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