×

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

  • SDCC TV News Roundup: Syfy Releases

    SDCC TV News Roundup: Syfy Releases 'The Magicians' Season 5 Clip (Watch)

    In today’s SDCC TV news roundup, Syfy shares a clip from “The Magicians” Season 5, and Amazon sets the Season 4 premiere of “The Expanse.” CASTING Julie Gonzalo and Staz Nair have joined the cast of “Supergirl” for its upcoming fifth season. Gonzalo will portray iconic DC character Andrea Rojas aka Acrata, a polished businesswoman [...]

  • Doom Patrol -- Ep. 101 --

    'Doom Patrol' Renewed, Season 2 to Stream on DC Universe and HBO Max

    “Doom Patrol” has been renewed for a second season and will soon be available outside of DC Universe. At San Diego Comic-Con, series executive producer Jeremy Carver and star Diane Guerrero announced not only that the show will be back for another season but also that it will be available on HBO Max, the upcoming [...]

  • Teyonah Parris

    Teyonah Parris Cast in 'WandaVision' at Disney Plus

    “Mad Men” and “If Beale Street Could Talk” actress Teyonah Parris has been cast in Disney Plus’ “Wanda Vision” series. She will play an adult version of Monica Rambeau, a child character introduced in the film “Captain Marvel.” The announcement was made at Marvel’s Comic-Con presentation. The forthcoming Disney+ series about Wanda Maximoff/Scarlet Witch (Elizabeth [...]

  • Zachary Quinto as Charlie Manx - NOS4A2

    'NOS4A2' Renewed for Season 2 at AMC

    AMC has renewed “NOS4A2” for a second season. The news was announced during the show’s panel at San Diego Comic-Con and ahead of the Season 1 finale. Season 2 will consist of 10 episodes and is slated to air in 2020. The series, which is based on the 2013 Joe Hill novel of the same [...]

  • Gabrielle Carteris

    SAG-AFTRA Signs Netflix Deal With Expanded Coverage

    SAG-AFTRA and streaming giant Netflix have agreed to a new three-year contract with expanded coverage for union performers. Netflix has previously employed SAG-AFTRA members under the union’s standard master contracts for television and film and had been signing on a production by production basis. The union announced Saturday that the new deal recognizes performance capture as covered work [...]

  • Cara Delevingne'Carnival Row' TV show photocall,

    Cara Delevingne Says Her 'Carnival Row' Character Is Pansexual, Explains Defending Taylor Swift Against Justin Bieber

    Cara Delevingne and Orlando Bloom’s love affair may be at the center of the upcoming Amazon Prime Video series “Carnival Row,” but the British actress doesn’t want viewers to assume her faerie character is heterosexual. “I’m a pansexual faerie,” Delevingne told Variety during an exclusive one-on-one interview at Comic-Con adding that there are other queer [...]

  • 'Russian Doll' Star Charlie Barnett Joins

    'Russian Doll' Star Charlie Barnett Joins 'Arrow' Final Season

    “Russian Doll” standout Charlie Barnett is joining the “Arrowverse.” Barnett, who is having a busy year having also appeared in Netflix’s “Tales of the City,” comes on board in the series regular role of John Diggle, Jr., son of David Ramsey’s character. News of his casting was announced at the show’s farewell Comic-Con panel where things [...]

More From Our Brands

Access exclusive content