Mike Sneesby was paid more than $3 million in his first full year as the CEO of Nine Entertainment.
Chief sales officer Michael Stephenson got more than $2 million.
The 2022 annual report shows the board of directors increased the fixed remuneration of Stephenson by 10%.
There was no change to Sneesby’s package.
The directors gave themselves a pay rise, increasing by 10% director fees and committee chair fees.
The total amount paid by Nine to non-executive directors in the financial year 2022 was $1,031,750.
The annual report shows the chair of the board, Peter Costello, was paid $357,000 in 2022, up from $340,000 in the previous year.
Calculating on salary received, Sneesby got $3,177,846, including 1,376,432 in fixed salary and fees. The rest was bonuses and short term incentives.
Stephenson was paid $1,869,370, of which $900,276 was salary and fees.
Under statutory remuneration disclosures, the value to Sneesby was $3,924,048 and Stephenson $2,006,090.
Sneesby's payout is dwarfed by the final pay for his predecessor, Hugh Marks.
Marks' final pay was $4,134,802, according to an "actual" calculation outlined in Nine's 2021 annual report. It was $2,161,263 the year before.
However, the statutory calculation of remuneration shows Marks with $7,933,616 for the year to June 2021. This included $2,856,656 in "termination benefits".
This year Nine gave those staff not on an incentive scheme $1,750 each as a special "recognition" bonus.
Nine posted a 76% rise in net profit after tax to $277.5 million for the full year to June. The company's overall revenue lifted 8% to $2.33 billion. EBITDA (earnings before interest, taxes, depreciation, and amortisation) was 43.5% higher at $564.7 million.
Shareholders won an increased payout with a 10.5 cent a share dividend.
Journalists at Nine, via their union the MEAA, this month voted to accept a 4% wage increase in 2022 and a 3.5% rise in 2023.
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