SEC Filing Shows Townsquare Salaries

4-14-15

Townsquare Chairman/CEO Steven Price brought in $450,000 in salary and a $600,000 bonus in 2015, according to a Townsquare Media SEC filing Tuesday. EVP/CFO Stu Rosenstein received $400,000 in salary and a bonus of $600,000. But due to accounting rules related to Townsquare's IPO, their total compensation technically adds up to a great deal more: About $11.1 million for Price and $6.05 million for Rosenstein. The apparent huge jump resulted from the exchange of the executives' previously held incentive shares of Townsquare Media LLC, which were traded for Class B shares of the newly public Townsquare Media Inc.

Breaking it down, Price's stock award is worth $1,385,351, and he also received option to purchase Class B stock worth $8,536,409 -- again, in exchange for previously held Townsquare LLC incentive units. Those amounts, plus "other compensation" of $84,610, brings Price's total compensation for the year up to $11,056,370. His total compensation in 2013, with Townsquare LLC, was $1,069,744.

EVP/CFO Stuart Rosenstein built on his base salary of $400,000 with a $600,000 bonus. His stock grants and options -- granted under the same circumstances as Price's -- added up to $692,670 in Class B stock and  $4,268,202 million in options. Other compensation of $84,610 brought his total compensation to $6,045,485 for the year. That's compared to $969,744 in 2013.

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News Salaries Flat Over Past Year

7-2-13
Hofstra University's Bob Papper has released his 2013 survey of news salaries and the results show radio salaries increased 0.8 percent over last year. That's not enough to compensate for 2.1 percent inflation, leaving radio news salaries down 1.3 percent in terms of real wages, according to the study. Papper says major market salaries rose in 2012 by quite a bit. "The overall number was so much lower because median salaries actually fell in large, medium, and small markets, although the small market results were a bit more mixed. As usual, the larger the market, generally, the higher the salary." Here's how some of the news salaries in radio break down.

Overall, the maximum salary in Papper's survey is $130,000 for a News Director, while the average is about $43,000. News reporters average $37,200 with a maximum salary of $110,000. Sports anchor's average $36,700 with a maximum salary of $75,000.

A major market News Director averages $67,000 per year while a large market News Director makes $41,500, a medium market News Director makes $35,500, and a small market News Director is paid $30,000. Papper also looked at radio reporters. In a major market they average a salary of $50,000 compared to a large market reporter at $32,000, a medium market reporter at $32,500, and a small market reporter at $24,000.

Papper says comparisons this year are problematic because of two factors. "First, a disproportionate percentage of major market news directors are skewing this year's numbers out of line on an overall basis, and, second, that's throwing off the numbers of other positions, like producer, anchor and sports anchor, which are becoming less and less common in smaller- and medium-sized markets. The salaries by staff size are almost always highly variable, although there has almost always been a general tendency for the largest news operations to pay more. As with previous years, there is no consistent pattern to salaries based on the number of stations a news director supervises."

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Dial Global Salaries Made Public

4-23-2012

Dial Global filed its most recent 8K which included the salaries of some higher ranking company employees.  CFO Hiram Lazar will be paid $400K, President of Sales Eileen Decker $450K, Programming President Kirk Stirland $400K and Chief Accounting Office Ed Mammone $300K. Decker can receive an additional $150K bonus if certain sales goals are met. The other three executives are eligible for $100K bonuses.

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Cumulus Salaries Made Public in Filing

In a filing with the SEC the salaries of top Cumulus brass were made public for shareholders to see. The salaries run through November of 2014 and do not include incentive bonuses. CEO Lew Dickey will receive a salary of $1.4 million per year. His brother and co-chief operating officer John Dickey will be paid $875K. John Pinch, executive vice president and co-chief operating officer will receive $775K. General Counsel and Secretary Richard Denning will be paid $500K and Treasurer and CFO Joseph Hannan will receive $550K.

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8K Reveals Entravision Salaries

According to a company SEC filing yesterday Entravision Chairman and CEO Walter Ulloa and President and COO Philip Wilkinson receive a salary of $767,000. Both are eligible for a bonus of up to 100% of their salary. In Q1 Entravision reported a net revenue increase to $44.0 from $43.1 or 2%. The Entravision stock closed at $1.96. A year ago the stock was at about $2.75.

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