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Discovery CEO Makes $49.9 Million for 2012

The Associated Press, Tuesday, April 2, 2013, 3:21pm (PDT)

The Hollywood Reporter -- Discovery Communications, with its stock price up more than 50 percent in the past year, paid president and CEO David Zaslav total compensation for 2012 of $49.9 million.

The cable TV network powerhouse's compensation disclosure came in a filing with the Securities and Exchange Commission. Many companies, whose fiscal year is identical with the calendar year, are making these disclosures around this time of year.

Zaslav made a base salary of $3 million, and earned a bonus of $5.3 million. He also got a stock award worth $25.3 million and an option grant worth $15.8 million. He also got additional compensation to cover the cost of his car, a home office and personal security worth over $400,000.

Last year Zaslav made $52.4 million, so his compensation actually fell a little. That is because of the a complicated formula for stock options that was impacted by the higher stock price. He made $42.6 million in 2010.

Related article on THR.com:

Cable Show 2012: 'We Don't Know What the Customer Wants,' Says Discovery's David Zaslav

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Find more online: THR.com

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