Liberty’s Maffei paid $30.2M in 2016

Liberty Global

Reporting compensation that is now midrange by cable industry standards, Liberty Media disclosed on Thursday that top executive Greg Maffei was paid $30.2 million across the four Liberty units he oversees.

Wearing the hat of President and CEO of Liberty Media, Maffei received a 40% pay raise to $13.6 million, with $6.9 million of that coming from stock compensation awards, and another $5 million arriving from a non-equity investment plan.

At Liberty Interactive, Maffei will have to tighten his belt after receiving a pay cut from $14.9 million in 2015 to just $13.3 million. Maffei received no compensation from Liberty Broadband after taking home $2.3 million in 2015. He was also unpaid at Liberty TripAdvisor after receiving $25.1 million in 2014.

Factoring in board fees, his total compensation rose to $30.2 million, up from $27 million in 2015.

Liberty Chairman John Malone’s compensation was listed at $747,156.

The compensation figures came from a company filing obtained by The Hollywood Reporter.

Related: Charter’s Rutledge paid $98.5M in 2016

Last month, it was reported that Charter Communications Chairman and CEO Tom Rutledge received total compensation of $98.5 million. Liberty Broadband is the controlling shareholder for Charter.

Related: Sling TV’s Lynch beats out Ergen as highest paid Dish exec at $4.2M

Among other salaries disclosed in the broader telecom industry, Dish Network also revealed last month that Sling TV CEO Roger Lynch was its highest paid exec in 2016, taking home $4.2 million.

Dish Chairman and CEO Charlie Ergen reported compensation in 2016 of $1.656 million. 

Suggested Articles

Charter said that over the next two years it will raise its minimum wage from $15 per hour to $20 per hour for all employees.

Comscore is launching QuickScore, a television ratings report that it said provides viewership insights to local media within 48 hours.

Quibi launches today and could be in prime position to snatch ad dollars that are floating away from traditional TV.