Time Warner's Bewkes got 27% pay bump to $32.5 million

Media moguls continue to rack up impressive pay packages.

The latest: Time Warner's Jeff Bewkes, whose 2013 compensation was valued at $32.5 million, up about 27% from 2012, the company said Monday in its annual proxy. Bewkes gained another $29.9 million exercising previously awarded shares and from stock that vested in 2013, Time Warner said.

Bewkes, CEO since 2008, signed a five-year employment extension that began in January 2013. His $2 million salary remained unchanged, but his stock award rose to nearly $8.2 million from $6.9 million in 2012, while his stock option award jumped to $7.8 million from $2.9 million. Bewkes also received an incentive award valued at almost $14.4 million.

Time Warner's operations include cable channels TNT, TBS, HBO and Cinemax, film and TV studio Warner Bros and publisher Time. The company says total shareholder return surged more than 48%, outpacing the Standard & Poors 500 Index, which gained 32%.

Bewkes' compensation package and equity gains trailed several media barons. A look at who got what in 2013:

Viacom CEO Philippe Dauman received compensation valued at nearly $37.2 million, gaining another $72 million from exercising previously issued stock options and $38.9 million from vested shares.

CBS valued CEO Leslie Moonves' compensation at $65.6 million, including a $28.5 million bonus. Moonves gained another $47.3 million exercising previously awarded stock options and from vested shares.

Walt Disney valued CEO Robert Iger's compensation at $34.3 million. He gained another $72.4 million from vested shares and exercising previously awarded stock options.

Discovery Communications CEO David Zaslav received compensation valued at $33.3 million, gained $58.7 million exercising previously awarded stock options, plus $26.6 million from vested shares.

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