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Time Warner CEO Jeff Bewkes’ compensation topped $31 million last year

Time Warner Chairman and CEO Jeff Bewkes
Figuring out better ways to deliver ads that are relevant to the viewers who see them was a prime motivation behind the AT&T deal, said Time Warner Chairman and CEO Jeff Bewkes.
(Francois G. Durand / Getty Images)

Jeff Bewkes, Time Warner Inc.'s chairman and chief executive, collected a compensation package valued at $31.5 million in 2015, representing a 4% decline from the previous year.

Bewkes, 63, received $2 million in salary, $7.9 million in stock options, stock options valued at $8 million and a $13.4-million cash bonus in 2015, according to a Friday filing with the Securities and Exchange Commission.

Bewkes’ stock options and bonus were slightly lower than in 2014.

Time Warner stock slumped nearly 25% in 2015, amid a broad swoon for the media industry. Time Warner shares have partially rebounded in 2016 but fell $1.61, or 2.1%, to $75.14 on Friday.

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Time Warner had a busy year in 2015, with CNN making gains in the ratings on the strength of its election coverage and HBO launching the HBO Now over-the-top streaming service. Burbank studio Warner Bros. posted record profit on the strength of its TV and video game operations even though the movie division released several films that failed to perform up to expectations.

Compensation figures for Time Warner’s divisional heads -- Warner Bros. Entertainment Chairman Kevin Tsujihara, HBO Chairman Richard Plepler and Turner Broadcasting Chairman John Martin -- were not included in Time Warner’s proxy, which instead listed the amounts for the top five corporate officers.

meg.james@latimes.com

Twitter: @MegJamesLAT

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