Tribune Media Company CEO Peter Kern's 2018 pay rises 15% to $8.4M
Tribune Media Company reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Tribune Media Company reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five executives at Tribune Media Company received on average a compensation package of $4.2M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Tribune Media Company
Peter Kern, Chief Executive Officer, received $8.4M in total, which increased by 15% compared to 2017. 71% of Kern's compensation, or $6M, was in bonus. Kern also received $2.4M in salary and $11K in other compensation.
For fiscal year 2018, the median employee pay was $55,673 at Tribune Media Company. Therefore, the ratio of Peter Kern's pay to the median employee pay was 151 to one.
Chandler Bigelow, Chief Financial Officer, received a compensation package of $4.1M, which decreased by 12% compared to previous year. 50% of the compensation package, or $2M, was in stock awards.
Lawrence Wert, President, Broadcast Media, earned $3.3M in 2018, a 29% increase compared to previous year.
Edward Lazarus, General Counsel, received $3M in 2018, which decreases by 38% compared to 2017.
Gavin Harvey, President - WGN America and Tribune Studios, earned $2.2M in 2018.
Related executives
Peter Kern
Tribune Media Company
Chief Executive Officer
Chandler Bigelow
Tribune Media Company
Chief Financial Officer
Lawrence Wert
Tribune Media Company
President, Broadcast Media
Gavin Harvey
Tribune Media Company
President - WGN America and Tribune Studios
Edward Lazarus
Tribune Media Company
General Counsel
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Source: SEC filing on March 22, 2019.