Viacom CEO Philippe Dauman's pay falls by $10 million
(Reuters) - Viacom Inc, parent of cable networks MTV and Nickelodeon and movie studio Paramount Pictures, paid Chief Executive Philippe Dauman about $10 million less in 2012 than a year earlier, a regulatory filing showed.
Dauman was paid $33.4 million in the year ended September 30. (link.reuters.com/kek55t)
In 2010, he was paid $84.5 million in cash and stock, making him the highest-paid corporate executive in the United States.
Viacom has been facing challenges at MTV and Nickelodeon, which are in a ratings slump.
In contrast, CBS, which split from Viacom in 2006, has benefited both from hit shows and diversifying revenues from a mainly advertising-led business model to other revenue streams such as selling content to online services such as Netflix Inc.
Viacom shares closed at $59.02 on the Nasdaq on Friday.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Supriya Kurane)
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