How serious was Sumner Redstone about getting Viacom’s share price up? So much so that the Viacom chmn is taking a pay cut (a feat probably made easier by the $56mln he pulled in 2 years ago). His salary will go to $1mln from $1.75mln as part of the company’s plans to link exec pay to share price. Gone is his $1.3mln in deferred compensation, and his target cash bonus goes to $3.5mln/year from $6.1mln. Instead, Redstone will get an annual $6mln in stock-based compensation.

The Daily

Subscribe
Thursday–April 18

Netflix Grows, To Stop Sharing Quarterly Membership Numbers

Netflix kicked off the new year with a bang, adding 9.3 million paid subscribers in 1Q24.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Apr 25
2024 Cablefax 100 Awards Magazine Release: April 25, 2024
Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.