Ed Carroll Re-Ups as COO at AMC NetworksNew Four-Year Contract Sets Salary at $1.1M 4/24/2013 2:01 PM Eastern
AMC Networks said that COO Ed Carroll has signed a new four-year contract that would keep him at the company until the end of 2016.
The new deal sets Carroll's minimum annual base salary at $1.1 million. He is also eligible for a discretionary bonus targeted at 115% of his salary. He may also get annual long-term cash and/or equity awards worth a target of $2.25 million. Bonuses and awards are determined by the company's compensation committee.
Carroll served as general manager of IFC and Bravo until Cablevision's Rainbow programming unit -- the forerunner of AMC Networks -- sold Bravo to NBC in 2002. He has overseen IFC since its inception. He's held his current post since 2009.