AMC Networks CEO Josh Sapan's Pay Falls to $20.5 Million in 2018

Josh Sapan - H 2015
Noam Galai/WireImage

The boss of the company behind 'The Walking Dead' home AMC, IFC, Sundance Channel and WE tv made $29.6 million in 2017.

AMC Networks CEO Josh Sapan received compensation worth $20.5 million in 2018, compared with $29.6 million in 2017.

The company behind The Walking Dead home AMC, IFC, Sundance Channel and WE tv disclosed Sapan's pay in a regulatory filing Monday. The exec made $30.5 million in 2016, following $17.7 million in 2015 and $40.3 million in 2014, when he benefited from an amended and restated employment agreement that included a one-time special equity retention award.

Last year, Sapan's base salary remained at $2 million, while his non-equity incentive plan compensation fell to $4.6 million, compared to $13.2 million in fiscal 2017.

The SEC filing also revealed that AMC Networks executive chairman Charles Dolan saw his pay fall to $2.8 million last year, against overall compensation of $3.46 million in 2017.

And Edward Carroll, the company's CFO, saw his overall pay slip to $8.63 million in fiscal 2018, compared to a year-earlier $10.2 million, while Sean Sullivan, AMC Networks' CFO, saw his pay rise last year to $10.17 million, against a year-earlier $5.75 million, due to higher stock awards in fiscal 2018.

AMC Networks' stock rose slightly in 2018 even as Wall Street continued to debate weaker ratings for The Walking Dead and how easy it would be for the company to create new hit shows. Its adjusted earnings per share rose 18 percent last year.

The company last year acquired Robert Johnson's RLJ Entertainment, adding its subscription video services Acorn TV and UMC (Urban Movie Channel).