Liguori's Pay Drops at Tribune Media

Tribune Media CEO Peter Liguori's total compensation for 2015 fell to $8.06 million from $23 million the prior year.

Tribune reported that it is seeking strategic options that could include selling its TV stations. The company spun off its publishing assets in 2014.

Liguori's salary rose to $1.6 million from $1.597 million, but his stock awards dropped to $3.9 million from $8.4 million and option awards fell to $1.1 million from $11.6 million.

The company said that in January it approved new employment agreements with Liguori and other senior executives. Liguori's annual compensation was unchanged, the company said.

Jon Lafayette

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.