New Outdoor Channel Holdings pres Roger Werner will get an annual salary of $300K and a $300K signing bonus, according to an SEC filing. He’s eligible for an annual cash incentive of at least 50% of his base salary and was granted options for 300K shares of common stock and 150K shares of restricted stock. — Merrill Lynch raised Discovery Holdings to "Neutral" from "Sell," citing better ratings for Discovery and TLC.

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