Media mogul John MalonesLiberty Media which owns audio entertainment powerhouse SiriusXM, the Formula One racing circuit, and a stake in events promoter Live Nation Entertainment, among others has disclosed that president and CEO Greg Maffeis 2023 compensation package amounted to $28.66 million, compared with $22.36 million in 2022. He had earned $21.58 million in 2021.

A regulatory filing emphasized that Maffeis and other executives salary portion of their compensation packages represents only that portion of each named executive officers salary that was allocated to our company, adding that the portion of Mr.Maffeis base salary attributable to the former Braves Group is reported in that companys proxy statement. The proxy for the Braves, which Liberty previously split off, shows Maffei as having received a $210,000 salary in 2023. Maffeis Liberty Media compensation included $7.1 million in stock awards, which he had not received in 2022, while the value of his option awards declined from $7.8 million in 2022 to $3.8 million in 2023. His non-equity incentive plan compensation rose from $11.7 million to nearly $14.3 million.

The company also disclosed the annual pay for chairman Malone, which amounted to $1.27 million, compared with $1.31 million in 2022, and $1.12 million in 2021.

The latest annual pay details were disclosed in a regulatory filing with the Securities and Exchange Commission late in the week.

Libertys 2023 revenue rose to $12.5 billion from $12.2 billion. Net earnings of $962 million for the year were down from $2.0 billion in 2022.

Malone recently said that he was stepping down from his director emeritus role at cable giantCharterCommunications due to concerns around the Clayton Act, a 1914 antitrust law that the Department of Justice has been using to launch some investigations.