Time Warner Inc. Chief Executive Jeff Bewkes received
compensation valued at $32.9 million in 2014, up 1.2% from $32.5
million in the year before.
Mr. Bewkes' base salary of $2 million remained unchanged from
2013. However, his stock awards decreased slightly to $8 million
from $8.2 million, and the value of his pension benefits increased
by $245,560 compared with the year before.
The media company--which owns the Warner Bros. Entertainment,
Home Box Office and Turner Broadcasting cable businesses--posted a
sales decline in its recent quarter. It has been cutting costs
through large staff reductions across its businesses. But it is
also pursuing new growth initiatives, including plans to launch a
stand-alone streaming version of HBO that will be available to
those that aren't pay-TV subscribers later this year.
Shares of Time Warner have been up about 6.4% this year through
Thursday's close.
Write to Angela Chen at angela.chen@dowjones.com
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