Liguori’s contract gets sweetened for taking helm of OWN
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With new responsibilities comes new money.
Peter Liguori, the Discovery Communications chief operating officer who earlier this month added the title of interim chief executive of the Oprah Winfrey Network after the abrupt departure of Christina Norman, has restructured his employment agreement with the cable programming powerhouse. OWN is the cable network co-owned by Winfrey and Discovery that launched Jan. 1.
Under his amended deal, Liguori will get at least $250,000 and as much as $500,000 in bonuses in 2011 for his performance at OWN. Liguori’s base salary is $1 million.
Liguori, who had taken an apartment in Washington, D.C. to be near Discovery’s Silver Spring, Md., headquarters, will also get $60,000 from the company for his expenses there because he now is spending practically all of his time in Los Angeles, where OWN is based. Discovery will also pay $2,500 for Liguori to move his belongings back home. Good thing he never unloaded his house here.
-- Joe Flint
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