Peter Chernin has served on our board of directors since January 2011. Mr. Chernin currently owns and runs Chernin Entertainment, which produces motion pictures and television programs, and The Chernin Group, which pursues strategic opportunities in media, technology and entertainment. From 1996 to 2009, Mr. Chernin held various positions at News Corporation, most recently as president and chief operating officer, and as chairman and chief executive officer of Fox Entertainment Group, a subsidiary of News Corporation, where he oversaw the global operations of the company's film, television, satellite, cable and digital media businesses. Prior to that, Mr. Chernin headed Twentieth Century Fox Filmed Entertainment and, earlier, the Fox Broadcasting Company. Prior to joining News Corporation, Mr. Chernin served as president and chief operating officer of Lorimar Film Entertainment, a television production company. Mr. Chernin currently serves on the board of directors of American Express, a diversified financial services company, and has previously served on the boards of directors of various companies in the media industry, including News Corporation, Fox Entertainment Group, Gemstar-TV Guide International and DIRECTV. Mr. Chernin holds a Bachelor of Arts in English Literature from the University of California at Berkeley. We believe that Mr. Chernin is qualified to serve on our board of directors due to his operating and management experience at a global media corporation, his expertise in online and mobile markets and other new technologies, and his service on the boards of directors of a range of public and private companies.

News Corp

Compensation for 2009
Salary $8,100,000
Bonus $0
Restricted stock awards $7,131,702
All other compensation $183,737
Option awards $0
Non-equity incentive plan compensation $5,435,000
Change in pension value and nonqualified deferred compensation earnings $1,373,188
Total Compensation $22,223,627
American Express Co

Director Compensation for 2011
Fees earned or paid in cash $100,000
Stock awards $150,000
All other compensation $13,892
Total Compensation $263,892
Pandora Media Inc

Director Compensation for 2011
Option awards (in $) $785,000
Total Compensation $785,000
Stock Ownership for 2012
Number of shares owned 13,673
News Corporation

Stock Ownership for 2009
Number of shares owned 9,065