You will be redirected back to your article in seconds

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.

More TV

  • Pete Davidson Sits Out Final 'Saturday

    Pete Davidson Sits Out Final 'Saturday Night Live' Sketches of 2018

    Just hours after “Saturday Night Live” cast member Pete Davidson posted a message on social media that said he “really [didn’t] want to be on this Earth anymore,” he was absent from the final 2018 live sketches of the late-night sketch comedy show. But although Davidson did not take part in the sketches or appear [...]

  • Pete Davidson photographed by Peggy Sirota

    Pete Davidson Posts Unsettling Message, Deletes Instagram

    UPDATED: “Saturday Night Live” cast member Pete Davidson posted a disturbing message Saturday morning stating he doesn’t “want to be on this earth anymore,” then deleted his Instagram account. In the post, Davidson wrote, “I’m doing my best to stay here for you but i actually don’t know how much longer i can last. all [...]

  • Disney Channel Fires 'Andi Mack' Actor

    Disney Channel Fires 'Andi Mack' Actor Arrested for Plotting Sex With Minor

    Disney Channel has severed ties with “Andi Mack” actor Stoney Westmoreland following his arrest for allegedly trying to arrange a sexual encounter with a 13-year-old. “Stoney Westmoreland, an actor working on the series ‘Andi Mack,’ was arrested in Salt Lake City today,” a Disney Channel spokesperson said in a statement Friday. “Given the nature of [...]

  • Russian Doll

    TV News Roundup: Natasha Lyonne's 'Russian Doll' Sets Netflix Premiere Date

    On Friday’s roundup, Netflix announces the premiere date for “Russian Doll” and Benedict Cumberbatch’s “Brexit” film has a premiere date on HBO FIRST LOOKS Showtime has released a new teaser for the upcoming comedy series, “Black Monday,” which will premiere Sunday, Jan. 20 at 10 p.m. ET/PT. The series stars and is executive produced by Don [...]

More From Our Brands

Access exclusive content