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TWX Time Warner Inc. New

98.91
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Time Warner Inc. New NYSE:TWX NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 98.91 0.00 01:00:00

Time Warner CEO's Pay Valued at $32.9 Million In 2014

24/04/2015 10:20pm

Dow Jones News


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Time Warner Inc. Chief Executive Jeff Bewkes received compensation valued at $32.9 million in 2014, up 1.2% from $32.5 million in the year before.

Mr. Bewkes' base salary of $2 million remained unchanged from 2013. However, his stock awards decreased slightly to $8 million from $8.2 million, and the value of his pension benefits increased by $245,560 compared with the year before.

The media company--which owns the Warner Bros. Entertainment, Home Box Office and Turner Broadcasting cable businesses--posted a sales decline in its recent quarter. It has been cutting costs through large staff reductions across its businesses. But it is also pursuing new growth initiatives, including plans to launch a stand-alone streaming version of HBO that will be available to those that aren't pay-TV subscribers later this year.

Shares of Time Warner have been up about 6.4% this year through Thursday's close.

Write to Angela Chen at angela.chen@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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