The Pay Check: Netflix execs' 2021 salaries; Charter COO's pay

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* Netflix Inc. Chairman and co-CEO Reed Hastings and co-CEO and Chief Content Officer Ted Sarandos will each earn about $34.7 million in 2021, the same as in 2020, the company disclosed in a filing.

Hastings will be paid an annual salary of $650,000 in 2021, along with stock options worth about $34.0 million. Sarandos will receive $20.0 million in salary and about $14.7 million worth of stock options

CFO Spencer Neumann and Greg Peters, COO and chief product officer, will take home $6 million and $12 million, respectively, in annual salaries.

* Charter Communications Inc. entered into an amended and restated employment agreement with COO and President John Bickham with a term ending Dec. 31, 2022. Bickham, who will continue in this capacity, will transition to vice chairman at a time to be determined between July 1, 2021, and Dec. 31, 2021. Starting Jan. 1, 2021, Bickham will receive an annual base salary of at least $1.9 million until Dec. 31, 2021, and $937,500 during the transition period. For each year during the term, he will also have a target annual cash bonus opportunity of 200% of his annual base salary. On Dec. 23, 2020, Bickham was granted an award of stock options with a grant date value of $31.5 million. The grant of stock options will vest in full on Dec. 31, 2022, subject to his continued employment or an earlier qualifying termination of service.

In other compensation news:

* Michael McGuinness will continue to serve as deputy CFO, executive vice president of finance, and head of investor relations of iHeartMedia Inc. through Dec. 31, 2024. The amended agreement increased McGuinness' annual base salary to $725,000 and his target annual bonus to 110% of his base salary.

* Cinedigm Corp. entered into an employment agreement with Gary Loffredo, effective Jan. 1, 2021, and expiring March 31, 2023. Pursuant to the agreement, Loffredo will be Cinedigm's president and continue as the COO, general counsel and secretary. He will receive an annual base salary of $460,000 and will be eligible for a target bonus opportunity of $322,000 along with performance share units for up to 150,000 shares of Cinedigm's class A common stock, subject to as-yet-undetermined EBITDA targets. In addition, he will be eligible for 1.2 million stock appreciation rights with an exercise price of 64 cents and a term of 10 years.

The company also entered into an employment agreement with Erick Opeka, pursuant to which Opeka will serve as chief strategy officer of the company and President of Cinedigm Networks. Opeka will receive an annual base salary of $400,000 and will be eligible for a target bonus opportunity of $240,000 and performance share units for up to 150,000 shares of common stock, subject to as-yet-undetermined EBITDA targets. In addition, he will be eligible for 1.2 million stock appreciation rights with an exercise price of 64 cents and a term of 10 years.

* Marchex Inc. approved target cash bonus compensation for the 2021 fiscal year. The initial executive officer participants for the 2021 fiscal year are CFO and co-CEO Michael Arends and Executive Chairman and co-CEO Russell Horowitz. If all targets are met at 100%, the aggregate bonus pool amount is $568,438, with the maximum aggregate bonus pool amount being 195% of the target amount. The target bonus payout percentages are 50% to 195% based on the performance target category and will be based on achieving specified revenue and adjusted operating income before amortization targets including the 2021 fiscal year with each target category weighted 33.33%.

* Arthur Golden, who was recently named a director of New York Times Co., will receive the same compensation that is provided to the company's other nonemployee directors. This includes a grant of restricted stock units for the company's class A common stock, with a grant date value of $36,000, representing a prorated amount of the restricted stock units granted to the company's nonemployee directors on April 22, 2020.

* A. H. Belo Corp.'s board compensation committee voted to restore the base salaries of executive officers whose compensation was cut in April as the company sought to preserve cash and maintain financial flexibility during the coronavirus pandemic. Total compensation for CFO and Executive Vice President Mary Kathryn Murray is set to increase by 10.6%. Murray's 2021 base salary was set at $365,625 and her target bonus percentage at 60% of her base salary.

Meanwhile, the compensation of CEO Robert Decherd was confirmed at $1 per year. Decherd's compensation was changed to $1 per year in 2020 from $360,000 per year in 2019 at his recommendation. He does not participate in the company's bonus plan or receive long-term compensation.