CBS Corp. Chief Executive Leslie Moonves got a 29% bump in his compensation in 2007, reaping a package valued at $36.8 million, according to a proxy filed with the Securities and Exchange Commission.

The compensation package, ranking among the biggest in the media industry, was awarded in a year in which CBS's stock fell about 13% and its net income tumbled 25%. While the company generated significant cash last year, its core TV and radio businesses stumbled.

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