×
You will be redirected back to your article in seconds

Time Warner Chief Jeff Bewkes Sees Big Gain in Compensation for 2017

Time Warner chairman-CEO Jeff Bewkes received a windfall of stock awards in 2017, pushing his total compensation for the year to $49 million.

Bewkes’ 2017 haul marks a 50% increase from the $32.6 million he took home in 2016. The bulk of that increase came from $32 million in stock awards. Those awards were higher last year for Bewkes and other top executives as a means of providing retention bonuses. Bewkes and others will not receive any such stock awards for 2018 as a result.

Last year marked a period of transition for the media giant as it expected to complete the $85.4 billion merger agreement with AT&T reached in October 2016. But the Justice Department’s lawsuit to block the transaction on anti-trust grounds threw a wrench in those plans. The trial in Washington, D.C., which included testimony from Bewkes and his AT&T counterpart, Randall Stephenson, is expected to wrap up early next month.

Bewkes earned $2 million in salary and $14.7 million in bonuses for 2017, a year in which Time Warner’s fundamentals remained strong especially relative to its media peers. The company’s first quarter earnings report and 2018 outlook issued Thursday was strong enough to prompt prominent media analyst Michael Nathanson to question whether Time Warner should reconsider the merger plan with AT&T.

“We think given the decline in (AT&T) stock, Time Warner is actually more valuable as a standalone company,” Nathanson wrote on Thursday. He posited that a Time Warner suitor would have to pay as much as $15 more per share for Time Warner than is called for in the AT&T sale agreement reached 18 months ago. Time Warner shares on Thursday closed at $93.67.

More TV

  • Globe Centred On Asia And Oceania,

    APOS: Online Video Headed for 15% Annual Growth, Disrupting Asia Markets

    A blistering 15% annual growth of online video will give the Asian video industry (TV, pay-TV, home entertainment and streaming) a growth rate nearly double that of North America for the next five years. According to a new report from Media Partners Asia, published on the eve of the APOS conference in Indonesia, Asia’s online [...]

  • WGA Agency Packaging Fight Placeholder Writer

    Writers Guild Says Over 7,000 Members Have Fired Agents

    Over 7,000 members of the Writers Guild of America have fired their talent agents, the Hollywood union said on Monday. As promised, the guild delivered a first round of termination letters to agents in a show of support for the WGA’s full-on war with the Association of Talent Agents. “Today the Guild delivered a first [...]

  • The Spanish Princess Starz

    TV Review: Starz's 'The Spanish Princess'

    With sumptuous costumes and a cast including a couple of familiar and beloved costume-drama players, Starz’s “The Spanish Princess,” about the travails of Catherine of Aragon, seems designed to appeal to lovers of broadly drawn historical romance. (It hits the air May 5 with a built-in fandom: Like past Starz miniseries including “The White Queen,” [...]

  • TV News Roundup: Jada Pinkett Smith's

    TV News Roundup: Amazon's 'Sneaky Pete' Releases Season 3 Trailer

    In today’s TV news roundup, Amazon Prime Video releases a trailer for Season 3 of “Sneaky Pete,” and “Red Table Talk” with Jada Pinkett Smith sets a return date on Facebook Watch. FIRST LOOKS The official trailer for the third season of “Sneaky Pete” on Amazon Prime Video has been released, showing off the new [...]

  • Tammy Filler Nathan Najarian NBC

    E! Expands News Coverage, Brings 'Today' Vet Tammy Filler Aboard (EXCLUSIVE)

    E! is expanding its entertainment-news programming, with plans to add three more hours of coverage to its linear schedule in 2020, Variety has learned. To help spearhead the effort, the cable channel is bringing aboard Tammy Filler, a veteran producer on NBC’s “Today,” to lead creative and production for E! News. The expansion of news [...]

More From Our Brands

Access exclusive content