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.

The Latest
Chicago votes in Illinois’ primary election, the Chicago Pride Parade returns, and protesters respond to the Supreme Court overturning Roe v. Wade.
Griner’s wife, Cherelle, has urged President Joe Biden to secure her release, calling her “a political pawn.”
Police were dispatched to an “officer down” Friday morning to the 1300 block of West Taylor Street, according to police scanner traffic.
ESPN’s documentary on the Avalanche-Red Wings rivalry was so good, it made me want docs for rivalries with Chicago teams. That got me thinking: What could those be?
U.S. District Judge Robert Dow Jr. has asked lawyers in a Chicago gun-rights suit to weigh in on whether Justice Clarence Thomas’s majority opinion affects the city’s ban.