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,
about 22 percent less than the $43.1 million he earned in fiscal
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 the regulatory filing, Viacom said its fiscal 2012
results "reflected both the global economic slowdown and ratings
challenges at several of our cable television networks."
The company said it achieved operating income growth of 5
percent compared with a year earlier, and a 21 percent increase
in diluted earnings per share from continuing operations.
On Friday, Viacom shares gained 0.8 percent to close at
$59.02 on the Nasdaq.