Tribune Media CEO earned $8.7M last year

SHARE Tribune Media CEO earned $8.7M last year

Peter Liguori, CEO of Tribune Media Co., made $8.7 million last year, according to a filing Monday with the Securities and Exchange Commission.

His compensation included a $1.5 million salary, a $1.8 million bonus, $4.2 million in stock and $1.2 million in option awards.

The filing said: “Through Mr. Liguori’s stewardship, we have achieved strong performance results, even while navigating the aftermath of bankruptcy emergence. Mr. Liguori’s contributions in 2013 included strategic input and oversight of all activities associated with: consummation of the acquisition of Local TV; the startup of Tribune Studios, Tribune Digital Ventures and Tribune Real Estate Holdings; preparation for the acquisition of Gracenote; and preparation for the Publishing spinoff.”

Liguori led Tribune Co.’s plan to separate the Chicago Tribune and its sister newspapers into a stand-alone print-media company called Tribune Publishing Co. That spinoff was complete in August. Tribune Publishing trades on the New York Stock Exchange under the symbol TPUB.

The more valuable radio and TV business is now known as Tribune Media.

The filing also listed compensation for other executives including:

Eddy W. Hartenstein, president and CEO of the Los Angeles Times (now chairman of Tribune Publishing): $2,603,792

• Lawrence Wert, president of broadcast media: $2,314,889

• Chandler Bigelow, executive vice president and chief business strategies and operations officer: $2,041,453

Edward P. Lazarus, EVP, general counsel and corporate secretary: $1,694,899

• Steven Berns, EVP and CFO: $1,462,288

Melanie Hughes, EVP of human resources: $851,554

Compensation to board members included:

• Bruce A. Karsh: $478,056

• Craig A. Jacobson: $473,056

• Kenneth Liang: $468,056

• Ross Levinsohn: $463,056

• Peter E. Murphy: $454,000

The SEC filing comes as Tribune Media prepares to list its stock on a major exchange. News of the filing was first reported by the Chicago Tribune.

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