Compensation Drops For Scripps Networks’ Lowe
Scripps Networks Interactive CEO Ken Lowe’s (pictured) total compensation dropped 49% to $7.2 million in 2013, the company said.
In a filing with the SEC, Scripps, which runs HGTV and Food Network, said Lowe’s salary was $1.287 million, up from $1.25 million in 2012, but his stock awards fell from $7.4 million to $2.3 million. Lowe also had a $2 million increase in the value of his pension and deferred compensation earnings in 2012.
CFO Joe NeCastro’s compensation rose to $7.065 million in 2013 from $4.342 million. NeCastro’s stock awards rose to $4.6 million in 2013 from $1.6 million.
Burton Jablin, the new president of the company’s Scripps Networks unit, received $7.668 million in compensation. His predecessor John Lansing got $7.599 million.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.