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2A THE DAILY ASTORIAN • TUESDAY, MAY 26, 2015 Media CEOs dominate ranks of top-paid execs By STEVE ROTHWELL and RYAN NAKASHIMA AP Business Writers Top 10 highest-paid CEOs NEW YORK — They’re not Hollywood stars, they’re not TV personalities and they don’t play in a rock band, but their pay packages are in the same league. Six of the 10 highest-paid CEOs last year worked in the media industry, according to a study carried out by executive FRPSHQVDWLRQGDWD¿UP(TXLODU and The Associated Press. The best-paid chief execu- tive of a large American com- pany was David Zaslav, head of Discovery Communications, the pay-TV channel operator that is home to “Shark Week.” His total compensation more than TXDGUXSOHGWRPLOOLRQLQ 2014 after he extended his con- tract. Les Moonves, of CBS, held on to second place in the rank- ings, despite a drop in pay from a year earlier. His pay package totaled $54.4 million. The remaining four CEOs, from entertainment giants Vi- acom, Walt Disney, Comcast and Time Warner, have ranked among the nation’s highest-paid executives for at least four years, DFFRUGLQJWRWKH(TXLODU$3SD\ study. One reason for the high lev- el of pay in the industry is that its CEOs are dealing with well- paid individuals. “The talent, the actors and directors and writers, they’re being paid a lot of money,” said The Associated Press NEW YORK — Here are the 10 highest-paid CEOs for 2014, as calculated by The Associated Press and Equilar, an executive pay data firm: 1. David Zaslav, Discovery Com- munications, $156.1 million, up 368 percent 2. Leslie Moonves, CBS, $54.4 million, down 17 percent 3. Philippe Dauman, Viacom, $44.3 million, up 19 percent 4. Robert Iger, Walt Disney, AP Photo The Top 10 highest-paid CEOs in 2014, according to a study carried out by executive com- pensation data firm Equilar and The Associated Press. Top row, from left: David Zaslav, Discovery Communications; Les Moonves, CBS; Philippe Dauman, Viacom; Robert Iger, Walt Disney; and Marissa Mayer, Yahoo. Bottom row, from left: Leonard Schleifer, Regen- eron Pharmaceuticals; Marc Benioff, Salesforce; Jeffrey Leiden, Vertex Pharmaceuticals; Brian Roberts, Comcast; and Jeffrey Bewkes, Time Warner. Steven Kaplan, a professor of ¿QDQFHDWWKH8QLYHUVLW\RI&KL cago Booth School of Business. “In industries where the talent makes a lot of money, the CEO makes a lot of money as well.” Pay packages for CEOs RYHUDOOJUHZIRUWKH¿IWKVWUDLJKW year in 2014, driven by a rising stock market that pushed up the value of executive stock awards. Median compensation for the heads of Standard & Poor’s 500 companies rose to a record $10.6 million, up from $10.5 million the year before, accord- LQJWRWKH(TXLODU$3SD\VWXG\ Peer pressure is another fac- tor driving up executive com- pensation. The board members responsible for setting CEO pay typically consider what the heads of similar companies are making. If pay for one goes up, it will likely go up for others. For the chieftains of me- dia, there are also other factors boosting pay. Several work at companies where a few major shareholders control the vote. The media magnate Sumner ACCUWEATHER ® FORECAST FOR ASTORIA Astoria 5-Day Forecast Tonight Increasing amounts of clouds 49° Wednesday Oregon Weather Shown is tomorrow’s weather. Temperatures are tonight’s lows and tomorrow’s highs The Dalles 54/84 Astoria 49/64 Portland 55/79 Corvallis 49/81 Eugene 48/79 Pendleton 51/78 Salem 51/79 Albany 49/81 Ontario 52/78 Bend 40/75 Areas of low clouds, then sun Burns 44/71 Klamath Falls 38/75 Sunny Forecasts and graphics provided by AccuWeather, Inc. ©2015 64° 50° Friday 49° Saturday Mostly sunny 65° 64° 51° Partly sunny 65° 51° Almanac Sun and Moon Astoria through Monday. Temperatures High ........................................... 64° Low ............................................ 51° Normal high ............................... 62° Normal low ................................. 47° Precipitation Yesterday ................................ 0.03" Month to date .......................... 1.26" Normal month to date ............. 2.72" Year to date ........................... 26.63" Normal year to date .............. 32.76" Sunset tonight .................. 8:53 p.m. Sunrise Wednesday ......... 5:31 a.m. Moonrise today ................ 1:59 p.m. Moonset today .................. 2:11 a.m. Regional Cities City Baker City Bend Brookings Eugene Ilwaco Klamath Falls Medford Newport North Bend Today Hi Lo W 69 43 t 72 40 s 65 50 s 72 48 pc 62 50 pc 74 38 s 83 51 pc 57 48 pc 61 51 pc National Cities Today City Hi Lo W Atlanta 81 68 t Boston 84 63 pc Chicago 75 63 t Denver 68 47 t Des Moines 74 58 sh Detroit 84 67 t El Paso 88 62 s Fairbanks 77 53 pc Honolulu 81 68 pc Indianapolis 77 66 t Kansas City 78 58 pc Las Vegas 90 67 s Los Angeles 73 59 pc Memphis 80 68 t Miami 89 77 pc Nashville 80 65 t New Orleans 84 74 t New York 85 69 pc Oklahoma City 80 63 t Philadelphia 88 69 s St. Louis 83 67 t Salt Lake City 67 54 t San Francisco 66 54 c Seattle 69 54 pc Washington, DC 89 73 s Full Last New First June 2 June 9 June 16 June 24 City Olympia Pendleton Portland Roseburg Salem Seaside Spokane Vancouver Yakima Today Hi Lo W 70 48 pc 75 51 pc 71 55 pc 79 52 s 72 51 pc 64 49 pc 68 51 t 71 53 pc 79 52 t Wed. Hi Lo W 76 49 s 78 54 pc 79 56 s 84 55 s 79 53 s 66 50 pc 75 54 pc 79 54 s 85 55 s Tonight's Sky: The moon, Jupiter and venus high above the western horizon. Source: Jim Todd, OMSI Tomorrow’s Tides Astoria / Port Docks Time High 9:28 a.m. 6.1 ft. 10:07 p.m. 7.7 ft. Time 3:40 a.m. 3:36 p.m. Low 2.3 ft. 1.7 ft. Fronts Cold Warm Stationary Showers T-Storms Rain Flurries Snow Ice -10s -0s 0s 10s 20s 30s 40s 50s 60s 70s 80s 90s 100s 110s Shown are noon positions of weather systems and precipitation. Temperature bands are highs for the day. Forecast high/low temperatures are given for selected cities. Weather (W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunderstorms, r-rain, sf-snow fl urries, sn-snow, i-ice. APPLIANCE PACKAGE DEALS APPLIANCE AND HOME FURNISHINGS 529 SE MARLIN, WARRENTON Mattresses, Furniture & More! DUII arrest • At 12:33 a.m. Saturday, Clatsop County Sheriff’s Office arrested Joseph Paul Meipl, 34, Gearhart, for driving under the influence of intoxicants at 15th Ave- nue and Roosevelt Drive in Seaside. • At 3:28 p.m. Sunday, Clat- VRS&RXQW\6KHULII¶V2I¿FHDU rested Daniel Sue Weyrauch, 0DOWD 0RQW IRU '8,, at NW 9th Street and NW Warrenton Drive in Warrenton. • At 4:55 a.m. Monday, Clatsop County Sheriff’s Of- ¿FH DUUHVWHG <DQ (ULF 'DYLV )RUHVW *URYH IRU '8,, one mile north of Del Rey Beach access. Memorials Saturday, May 30 HADEEN, Verna B. — Memorial at 2 p.m., Hearthstone Assisted Living, 12520 S.W. Hart Road, Beaverton. LANDRO, Robert “Bob” — Celebra- tion of life service at 2 p.m., Beaverton Nazarene Church, 12555 S.W. 22nd St., Beaverton. May 19, 2015 KNIGHT, David A., 63, of Hammond, died in Portland. Hughes-Ransom Mortuary in As- toria is in charge of the arrangements. May 24, 2015 TOFT, Crystal L., 84, of Astoria, died in Astoria. Caldwell’s Luce-Layton Mortuary in Astoria is in charge of the arrangements. HARRISON, Brian F., 67, of Astoria, died in Astoria. Caldwell’s Luce-Layton Mortuary in Astoria is in charge of the ar- rangements. ANDERSON, Emil, 88, of Warrenton, died in Forest Grove. Caldwell’s Luce-Layton Mor- tuary in Astoria is in charge of the arrange- ments. Lotteries Tomorrow’s National Weather Wed. Hi Lo W 80 68 t 81 63 pc 77 58 t 73 50 t 82 60 s 81 60 t 93 64 pc 75 52 pc 82 68 pc 80 62 t 81 63 t 92 69 s 74 59 pc 83 66 t 87 75 pc 83 65 t 85 74 t 82 69 t 82 67 t 88 70 t 84 67 t 69 54 pc 66 53 pc 75 55 s 87 72 t returned more than $51 billion to stockholders through share buybacks and dividends. Media stocks have climbed VWURQJO\WKHSDVW¿YH\HDUV$Q index of media companies in the S&P 500 index has risen 193 percent compared with a gain of 95 percent for the broader S&P 500. Discovery’s stock price has FOLPEHGDOPRVW¿YHIROGVLQFHLW started trading as a public com- pany in September 2008. Zaslav, who has led Discov- ery since 2007, saw his compen- sation rise last year after he ne- gotiated a new contract that will keep him at the company until 2019. Last year’s pay package included $145 million in stock and options awards, $6 million in cash bonuses, $3 million in base salary, and $1.9 million in perks. The company has pushed its channels overseas where pay TV penetration is grow- LQJIDVWHUWKDQLQWKH86/DVW year, Discovery also grabbed a controlling stake in Eurosport International, making a bet on live sports. The move into Euro- pean sports has set the stage for renewed growth overseas. =DVODY KDV GRQH D WHUUL¿F job, said Chris Marangi, port- folio manager at GAMCO In- vestors Inc., which holds more than $150 million in Discovery stock. Deaths Under the Sky Wed. Hi Lo W 69 41 pc 75 43 s 65 52 s 79 50 s 63 50 pc 75 44 s 85 55 s 58 48 pc 64 52 pc &%6 ODXQFKHG WKH VHULHV ³8Q der the Dome” — based on the Stephen King novel — both on the network and on the Amazon Prime streaming service. Be- sides reaching online customers, the move helped offset produc- tion costs. The company, whose shows also include “NCIS” and “The Good Wife,” has attracted 100,000 customers to “CBS All Access,” an online subscription platform that costs $6 a month. Time Warner, under CEO Jef- frey Bewkes, launched HBO Now, which streams shows to computers, tablets and smart- phones for $15 a month. At Disney, CEO Bob Iger has bolstered revenues through FDQQ\DFTXLVLWLRQV The purchase of Marvel in 2009 is reaping dividends with blockbuster superhero movies. ³$YHQJHUV $JH RI 8OWURQ´ pulled in almost $190 million in its opening weekend, making it WKH VHFRQGELJJHVW 86 PRYLH opening ever. Disney’s purchase of LucasFilms in 2012 means it also owns the highly lucrative “Star Wars” franchise, with the next installment scheduled for release in December. Disney spokesman David Jefferson said in an email that ,JHU¶V SD\ DZDUG ³UHÀHFWHG WKH FRPSDQ\¶VRXWVWDQGLQJ¿QDQFLDO performance,” and cited its re- cord earnings. He also said that during Iger’s tenure Disney has On the record Thursday Medford 51/85 Redstone controls almost 80 percent of the voting stock at CBS and Viacom. Because of his large holdings, Redstone can easily override the concerns of other investors about the level of CEO pay. Discovery’s voting VWRFN LV KHDYLO\ LQÀXHQFHG E\ the brothers Si and Donald Ne- whouse and John Malone, an- RWKHU LQÀXHQWLDO LQYHVWRU LQ WKH media industry. At Comcast, which owns 1%& DQG 8QLYHUVDO 6WXGLRV CEO and Chairman Brian Rob- erts controls a third of his com- pany’s voting stock. That means KH KDV VXEVWDQWLDO LQÀXHQFH RQ the pay that he is awarded. Comcast had no comment when contacted by the AP for this story. All of the media executives have tried, with varying degrees of success, to maximize the value of their company’s enter- tainment brands online and on mobile devices. For example, Moonves at $43.7 million, up 27 percent 5. Marissa Mayer, Yahoo, $42.1 million, up 69 percent 6. Leonard Schleifer, Regen- eron Pharmaceuticals, $42 mil- lion, up 16 percent 7. Marc Benioff, Salesforce.com $39.9 million, up 27 percent 8. Jeffrey Leiden, Vertex Phar- maceuticals, $36.6 million, up 179 percent 9. Brian Roberts, Comcast, $33 million, up 5 percent 10. Jeffrey Bewkes, Time War- ner, $32.7 million, unchanged Online: http://www.equilar.com/ 503-861-0929 HOURS OPEN: MON-FRI 8-6 • SATURDAY 9-5 • SUNDAY 10-4 We Service What We Sell OREGON Monday’s Pick 4: 1 p.m.: 1-7-9-9 4 p.m.: 1-1-8-4 7 p.m.: 2-6-7-9 10 p.m.: 5-1-0-1 Monday’s Megabucks: 12-17-18-20-29-35 Estimated jackpot: $4.4 mil- lion WASHINGTON Monday’s Daily Game: 1-1-4 Monday’s Hit 5: 07-12-23- 24-38 Estimated jackpot: $270,000 Monday’s Keno: 01-05-10- 12-13-17-19-22-23-32-38-47- 53-67-68-69-70-75-76-79 Monday’s Lotto: 03-08-23- 33-35-39 Estimated jackpot: $1.3 million Monday’s Match 4: 02-10- 22-23 tation District Board and 2015-2016 Budget Hearing, 9 a.m., Astoria Transit Center Conference Room, 900 Ma- rine Drive. Cannon Beach Parks and Community Services pre- sentations, 9 a.m., Cannon Beach City Hall 163 E. Gow- er St. Recreational Lands Plan- ning and Advisory Commit- tee, WR SP IRXUWK ÀRRU 800 Exchange St. Cannon Beach Emergen- cy Preparedness Committee Work Session, 2:30 p.m., Cannon Beach City Hall 163 E. Gower St. Cannon Beach Planning Commission, 6 p.m., Cannon Beach City Hall 163 E. Gow- er St. Astoria School District Budget Committee, 6:30 p.m., Capt. Robert Gray third- ÀRRU ERDUGURRP $OD meda Ave. Public meetings WEDNESDAY Astoria Parks and Recre- ation Board, 6:45 a.m., ARC, 1555 W. Marine Dr. Emergency Prepared- ness Training in Cannon Beach, 5 p.m., Cannon Beach City Hall 163 E. Gower St. Clatsop County Housing Authority Board, 5 p.m., Guy Boyington Building, 857 Commercial St. THURSDAY Sunset Empire Transpor- The Daily Astorian Established July 1, 1873 (USPS 035-000) Published daily, except Saturday and Sunday, by EO Media Group, 949 Exchange St., PO Box 210, Astoria, OR 97103 Telephone 503- 325-3211, 800-781-3211 or Fax 503-325-6573. 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