Clear Channel Discloses Executive Compensation

Salaries And Bonuses Revealed

YESTERDAY (NET NEWS 4/9), we learned about the executive compensation at CUMULUS BROADCASTING. TODAY, it's CLEAR CHANNEL's turn, as the company has disclosed that information in a Schedule 14-A SEC filing.

CEO BOB PITTMAN collected a salary of $250,000, with a $1,435,500 bonus, $1,146,064 in option awards and other compensation, for a total of $3,401,754 in 2011.

Chairman/Former CEO MARK P. MAYS was paid a $1 million salary and collected a total compensation of $1,778,129. EVP/CFO THOMAS W.CASEY's salary was $750,000 and a total compensation of $1,964,953. EVP/General Counsel ROBERT H. WALLS JR. collected $600,000 in salary and took home a total compensation of $1,356,125.

CCM+E Chairman/CEO JOHN HOGAN's 2011 compensation included a salary of $758,333, option awards of $59,834, incentive compensation of $612,864 and other compensation of $46,275 for a total compensation of $2,477,307.

Read the full proxy statement here.

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