TV Guide Network, one of the 30 most widely distributed general entertainment cable networks in the U.S., including TV Guide Network On Demand and TV Guide Online (www.tvguide.com), a leading online navigational tool and provider of television listings and video and other entertainment content (acquired in February 2009 and an interest sold in May 2009)

EX-10.7 2 v52736exv10w7.htm EX-10.7 exv10w7
Exhibit 10.7
Director Compensation Summary
Persons elected at our annual meetings as directors and who hold no executive office with us or any of our affiliates are entitled to receive an annual retainer of $40,000 and a further retainer of $15,000 if such director acts as Chairman of our Audit Committee or $10,000 if such director acts as Chairman of our Compensation Committee, our Nominating & Corporate Governance Committee or our Strategic Advisory Committee. Effective April 6, 2009, the non-employee Co-Chairman of our board of directors is entitled to receive an additional annual retainer of $52,000 (payable 50% in cash and 50% in our common shares). Additionally, each non-employee director is entitled to receive an attendance fee of $1,400 for each meeting of the directors or any committee thereof, and to be reimbursed for reasonable fees and expenses incurred in connection with his or her service as a director. With the exception of the $52,000 non-employee Co-Chairman retainer, such retainers and fees paid to directors are provided, at the director’s election, 50% in cash compensation with the remaining 50% payable in our common shares, or 100% payable in our common shares. Non-employee directors are granted 12,500 restricted share units upon joining our board of directors and an additional 12,500 restricted share units after five years of service on our board of directors. The restricted share units vest over three years from the date of grant and are payable upon vesting in an equal number of our common shares.