Jan 25 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 Sept. 30. ()
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.
CORRECTED-UPDATE 2-U.S. to seek to block DraftKings, FanDuel fantasy sports merger
WASHINGTON, June 19 The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.