Media Company CEOs Outearn Other Industry Chiefs by $10 Million

Leslie Moonves

CBS Corp. president and CEO Leslie Moonves is the top-paid Hollywood executive of 2012 based on compensation disclosures so far. His pay declined 11 percent from $69.9 million in 2011, but his $62.2 million still once again made him the highest-paid CEO of a big entertainment company. Amid continued earnings and stock price improvements by his company, it was also ahead of the $57.7 million he had made in 2010.

Seven of the 20 top-paid chief executives are employed by media conglomerates, according to a report in The New York Times.

Media chiefs are among the nation's highest-paid CEOs, and as a whole, they earn on average $10 million more than their counterparts in other industries, according to a study conducted by The New York Times.

According to the Times report, citing Equilar data, seven of the 20 top-paid chief executives are employed by media conglomerates.

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They are: CBS' Leslie Moonves ($60.2 million), Discovery Communications' David Zaslav ($49.9 million), Disney's Robert Iger ($37.1 million), Viacom's Philippe Dauman ($33.4 million), Time Warner's Jeff Bewkes ($25.7 million), Comcast's Brian Roberts ($25.1 million) and News Corp.'s Rupert Murdoch ($22.4 million).

Moonves came in at No. 3 on the list of highest-paid executives last year, behind Oracle's Larry Ellison ($96.2 million) and Activision Blizzard's Robert Kotich ($64.9 million).

However, when taken as a whole, media company chiefs earned an average pay of about $30 million, which was about $6 million more than their counterparts in technology and $12 million more than consumer goods company chiefs.

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Overall, median pay for the top 20 media executives rose 10 percent last year, according to the Times.

In comparison, JPMorgan Chase's Jamie Dimon took home $11.5 million, while Morgan Stanley’s James Gorman earned $9.75 million.