CBS Chief Les Moonves Earned Less in 2017, Still Made $69 Million

The TV biz pays well when you’re at the top

Last Updated: April 7, 2018 @ 12:20 AM

CBS CEO Les Moonves took a pay cut in 2017, but don’t start a GoFundMe drive for him just yet –he’s still doing pretty well.

The exec pulled in $69.3 million last year, a slight drop from the $69.6 million he made in 2016, according to the company’s proxy filing with the Securities and Exchange Commission on Friday.

Here’s how his compensation broke down, if you care: Moonves has a $3.5 million base salary, and earned a $20 million bonus. That was a bit of a cut from his $32 million bonus in 2016 — but it was augmented by his stock awards, which hit $43.7 million.

CBS routinely wins the war for total viewers, though NBC rules the key 18-49 demographic these days. Time Warner head Richard Parsons has been nominated to replace producer Arnold Kopelson on the CBS board, the filing also revealed.

CBS is currently maneuvering to reunite with Viacom after more than a decade apart, as TheWrap exclusively reported earlier this year. Viacom passed on an all-stock merger proposal from CBS late last month. Shari Redstone has been pushing for the two companies — both under the National Amusements banner —  to make a deal.