Jeff Bewkes, CEO of Time Warner, which is in the process of completing its sale to AT&T, received $32.6 million in compensation for 2016, according to a proxy statement filed with the SEC.
Bewkes earned $31.5 million in 2015 and $32.9 million in 2014.
Bigger raises went to Time Warner CFO Howard Averill and general counsel Paul Cappuccio.
Related: FCC Approves Time Warner's WPCH Sale to Meredith
Averill’s compensation rose to $20.3 million from $10.8 million the prior year. His pay included $12.4 million in stock awards.
Cappuccio got $16.3 million, up from $9.5 million. His pay included $9 million in stock awards.
Compensation for Gary Ginsberg, executive VP for corporate marketing and communications, rose to $6.9 million from $5.2 million in 2015.
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.
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