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Starz LLC (STRZA) Chief Executive Officer Christopher P. Albrecht could receive $75.6 million if the pay-TV channel undergoes a change in control.

The payment would include $71.8 million of option awards that would immediately vest and a $3.75 million cash severance, according to an April regulatory filing and data compiled by Bloomberg as of yesterdays close. If an investor acquires 20 percent or more of the Englewood, Colorado-based companys voting power, it would trigger the payout, the filing shows.

Theano Apostolou, a Starz spokeswoman, referred questions to Courtnee Ulrich, an investor relations representative who works for Liberty Media Corp. (LMCA) Ulrich didnt respond to phone calls and e-mails seeking comment. Eric Becker, another Starz spokesman, also didnt respond to calls for comment.

Starz is considering alternatives to a sale after reaching out to potential bidders who passed on making an offer, according to people familiar with the matter, who asked not to be identified because they werent authorized to speak publicly. The network is controlled by billionaire John Malone, who wants to maintain control of the company, another person said.

The company is now considering investments and partnerships with U.S.-based or European-based media companies in lieu of selling itself, although nothing will be determined this year, one of the people said.

Albrecht was paid $30.5 million last year, according to the companys proxy statement. That included a salary of $1.25 million, a $1.33 million bonus and 3,363,123 million stock options that were worth $27.9 million when they were granted.

In a change of control, the compensation committee of our board of directors may determine not to accelerate the existing equity awards if equivalent awards will be substituted for the existing awards, Starz said in its April filing.

By comparison, Jeffrey Katzenberg, the CEO of DreamWorks Animation SKG, wouldnt receive anything if control of the movie studio that made Shrek and Kung Fu Panda changed hands. If he were fired in a transition, hed receive a package that includes a $32.4 million cash severance, accelerated vesting of equity awards, and continued medical benefits and perks, according to the companys April proxy statement.

Jon Feltheimer, the CEO of Lions Gate Entertainment Corp., would also need to be terminated for his change-in-control agreement to pay out, according to the companys July proxy statement.

In the event of a change in control, the actual amounts may be different due to various factors, Starz said in the filing. In addition, we may enter into new arrangements or modify these arrangements from time to time.

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Starz CEO Poised to Get $76 Million in Change of Control

The Irish secretary of the National Union of Journalists, Samus Dooley, has given a guarded welcome to what the union believes are lamentably late draft guidelines covering media ownership in Ireland.

The guidelines, as I noted yesterday, will not be retrospective and therefore cannot alter the current media landscape in Ireland.

In a lengthy statement, Dooley said: Since the acquisition of Independent Newspapers by Tony OReilly in 1974 the NUJ has been demanding greater vigilance by the state in ensuring media plurality, in terms of ownership and editorial control.

While we welcome the publication of todays consultation document the words horse door and bolted spring to mind... We have witnessed the transfer of power from one baron to another in the face of appalling political cowardice.

The post-OReilly baron is a reference to Denis OBrien, the biggest shareholder in Irelands largest newspaper publisher, Independent News & Media (INM), and through his company, Communicorp, also Irelands largest commercial radio owner.

Dooley is concerned about the narrow time frame for consultation on the draft guidelines. Submissions must be made by 22 January 2015.

But he said that from an initial reading there is little in the guidelines that will disturb the tranquillity of dominant media players.

He complains that the communications minister, Alex White, has been given the task of introducing checks and balances after the harm has been done.

Dooley continues: Successive governments have allowed a small group of powerful people to gain control of the media and the draft is incapable of undoing that damage.

That said, the emphasis on the public interest and the recognition of the importance of plurality, diversity and editorial structures, rather than just competitive factors, is to be welcomed.

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NUJ gives cautious welcome to Ireland's media guidelines

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Fairfax Media: Expected to mount a full takeover of Metro Media Publishing Holdings. Photo: Michel O'Sullivan

Fairfax Media is expected to mount a full takeover of Antony Catalano's Metro Media Publishing Holdings before Christmas, a source close to the deal says.

Fairfax owner ofThe Age, The Sydney Morning Herald and The Australian Financial Review already owns half of the company that publishes weekly real estate and lifestyle magazines as well as a range of websites, includingreviewproperty.com.au.

It is understood the price-tag for the remaining 50 per cent stake, which Mr Catalano own with a handful of real estate agents, could fetch up to $75 million.

This would value the entire holdings company at $150 million, or 8.5 times earnings. MMP Holdings' earnings from its 70 per cent ownership of its subsidiary companies were about $17.5 million in 2014.

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Fairfax paid $35 million for its stake in 2011 when MMP's earnings were about $4 million.

That deal also included merging Fairfax Community Network's newspapers, which included 32 titles, with MMP.

A source close to the deal said that Fairfax was genuinely interested in buying out Mr Catalano and the group of real estate agents and was expected to submit a formal offer before Christmas.

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Fairfax to take full control of Anthony Catalano's Metro Media Publishing Holdings

[MaMOE14] Media Control Passport (ft. Inspecta Wack)
Music video from the project Music and Media for an Open Europe (#MaMOE14) on the two sides of European citizenship: Freedom for those who have it, a privi...

By: Roots Routes International

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[MaMOE14] Media Control Passport (ft. Inspecta Wack) - Video

The initial clash between Pat Rabbitte and Richard Bruton took place against the backdrop of the battle in the boardroom of INM, which saw Denis OBrien triumph over the OReilly family. Photograph: Dara Mac Dnaill

While the new guidelines on media mergers do not mention any person or individual companies by name, the shadow of Denis OBrien looms large.

The new media merger legislation and accompanying guidelines have been a long time coming and follow a tug-of-war between the Department of Communications and the Department of Jobs, Enterprise and Innovation, under whose remit mergers initially fell.

The initial clash between Pat Rabbitte and Richard Bruton took place against the backdrop of the battle in the boardroom of Independent News and Media (INM), which saw Denis OBrien triumph over the OReilly family.

At Government level, the Department of Communications took charge of the new dual-notification system for media mergers at the end of October. Alex White, who took over from Rabbitte in communications, will decide if a media merger is in the public interest, while the Competition and Consumer Protection Commission will determine if a deal can proceed on competition grounds.

At the height of the OReilly-OBrien tussle for control of INM, many in Government felt it would be wise to steer clear and allow things settle down at the biggest newspaper group in the country.

That has happened, and a restructured INM with OBrien as majority shareholder with a 29.9 per cent has emerged. OBriens Communicorp group houses Today FM, Newstalk and other radio ventures. Newstalk also operates syndicated news for local radio stations.

Recently, the National Union of Journalists called on White to call a halt to what it saw as OBriens threat to media diversity. That plea from NUJ secretary Seamus Dooley came after Newstalk secured a deal to provide news to more stations, making it the largest supplier of radio news in Ireland.

Critics will argue White is closing the stable door after the horse has bolted but the draft guidelines appear to outline criteria which could limit room for manoeuvre.

The most obvious is setting a threshold of ownership judged to constitute significant interest which means a person or business has sufficient voting, financial or ownership strength within the relevant media business or media businesses to influence directly or indirectly, to an appreciable extent, the direction or policy of the media business or media businesses with regard in particular to news, current affairs or cultural content.

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Shadow of Denis OBrien looms over new media merger guidelines