Tribune Media CEO Peter Liguori's Annual Pay Drops to $8.1 Million
His 2014 pay was boosted by one-time awards.
The value of Tribune Media CEO Peter Liguori's compensation package for 2015 was down 65 percent from 2014 when he received extra stock options and incentives awards after the split of the Tribune print and TV assets.
Liguori made $8.1 million last year, according to a regulatory filing Thursday, down from $23.0 million in 2013.
His latest package was made up of $1.6 million in salary (nearly unchanged); $3.9 million in stock awards, down from $8.4 million; and $1.1 million in option awards, down from $11.6 million. Liguori also got $1.5 million in non-equity incentives, plus $10,600 in other compensation in 2015.
In 2013, Liguori had earned $8.8 million.
Tribune Media's stock dropped 36.4 percent in 2015 when excluding the effect of dividends. It closed on Wednesday at $36.23 and was down in early Thursday trading.
Tribune Media in late February said it would explore asset sales, spinoffs and other strategic alternatives amid a weak stock price.
"The strategic and financial alternatives under consideration include, but are not limited to, the sale or separation of select lines of business or assets, strategic partnerships, programming alliances and return of capital initiatives," the company said then. "The board of directors and the company have retained Moelis & Co. and Guggenheim Securities as financial advisors to assist in this process."