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Disney Chief Iger Gets a 13% Raise

BURBANK, CALIF. — The Walt Disney Co. CEO Robert Iger, who is slated to add
the chairman’s title after the media giant’s annual meeting of shareholders
in March, received $33.4 million in total compensation
in fiscal 2011, according to a company proxy statement
filed with the Securities and Exchange Commission Jan.
20.

According to the proxy statement, Iger received $2.96
million in fixed compensation, a $15.5 million bonus
and $12.9 million in annual equity awards. It was a
12.8% increase from the $29.6 million in total compensation
Iger received in fiscal 2010.

Other Disney execs also received raises. Chief financial
officer Jay Rasulo received about $11.1 million in
total compensation, a 5.7% raise from the $10.5 million he received in fiscal
2010; chief human resources officer M. Jayne Parker received $3.6 million in
total compensation for the year, a 20% raise form the $3 million she received
in fiscal 2010.

Two executives saw pay decreases — executive vice president of corporate
strategy and business development Kevin Mayer and general counsel and
secretary Alan Braverman — for the year. Mayer received $3.9 million in total
compensation in fiscal 2011, down 11.4% from $4.4 million in fiscal 2010.
Braverman netted $7.8 million in total compensation, down 12.8% from the
$8.8 million he received in fiscal 2010. The declines were mainly due to lower
bonus and equity awards.

Cox Launches $35 ‘TV Economy’ Package

ATLANTA — Cox Communications last week said it has begun to roll out a
20-channel lower-priced video tier dubbed “TV Economy” for $34.99 per
month.

Cox joins the ranks
of Time Warner Cable
and Comcast, which
introduced their own
lower-priced tiers — “TV
Essentials” and “MyTV
Choice” — last year.

Although the exact
lineup varies by region,
TV Economy includes
all the channels in Cox’s basic package — broadcast networks and cable
channels like C-SPAN and Animal Planet — and about 20 channels from its
expanded-basic package. Cox spokesman Todd Smith said the company began
trialing the package in select markets late last year, but that it will be
available across the footprint soon. According to FierceCable.com, which first
reported the story last Monday (Jan. 23), TV Economy is currently available in
parts of New England, Louisiana, Virginia and San Diego.

“Cox is now adding TV Economy as one of our standard service offerings as
part of our continued effort to provide a variety of options that serve our customers’
needs and suit their budgets,” Smith said.