SIC Code 48

Communications

Data updated July 2026

30 companies · FY2025

Median Pay Ratio
87:1
Avg Pay Ratio
176:1
Median CEO Pay
$10.8M
Avg CEO Pay
$20.6M

Reading the Communications CEO Pay Landscape (SIC 48, FY2025)

The Communications industry, classified under 2-digit SIC code 48, had 30 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2025. Across that set of firms, the median CEO-to-worker pay ratio was 87:1 and the average was 176:1. Median CEO total compensation in the sector was $10.8M, with the sector-wide average at $20.6M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.

Pay dispersion inside this industry is substantial. The 25th percentile CEO in Communications earned $3.6M, while the 75th percentile CEO earned $26.0M - a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. The gap between the 176:1 average and the 87:1 median is wide, which almost always signals that a small number of very-high-pay CEOs are pulling the mean upward; the median is the fairer yardstick for "a typical company in this sector."

Below you can scan each of the 81 Communications companies PlainCEOPay currently tracks in this SIC group, with reported CEO total compensation, median worker pay, and individual pay ratios. Company pages show how each available filing compares with this industry benchmark. The current dataset does not include a CEO name or an itemized compensation breakdown for each company. All displayed figures are drawn from SEC EDGAR filings; they are not estimated, imputed, or projected.

Companies in Communications (81)

Companies in Communications with CEO pay ratio, CEO total compensation, median worker pay, and fiscal year, sourced from SEC EDGAR DEF 14A.
Company CEO Pay Median Worker Pay Ratio FY
Warner Bros. Discovery, Inc.SEC EDGAR DEF 14A, CIK 1437107 $165.0M $120K 1,378:1 2025
T-Mobile US, Inc.SEC EDGAR DEF 14A, CIK 1283699 $37.5M $72K 521:1 2023
Nexstar Media Group, Inc.SEC EDGAR DEF 14A, CIK 1142417 $29.1M $57K 509:1 2023
T-Mobile US, Inc.SEC EDGAR DEF 14A, CIK 1283699 $38.0M $76K 499:1 2025
Comcast CorpSEC EDGAR DEF 14A, CIK 1166691 - - 398:1 2023
Liberty Global Ltd.SEC EDGAR DEF 14A, CIK 1570585 $37.8M $99K 383:1 2025
Comcast CorpSEC EDGAR DEF 14A, CIK 1166691 - - 381:1 2025
Liberty Latin America Ltd.SEC EDGAR DEF 14A, CIK 1712184 $16.1M $45K 356:1 2023
Liberty Global Ltd.SEC EDGAR DEF 14A, CIK 1570585 $44.5M $135K 329:1 2023
Fox CorpSEC EDGAR DEF 14A, CIK 1754301 $33.0M $101K 327:1 2024
Liberty Latin America Ltd.SEC EDGAR DEF 14A, CIK 1712184 $16.9M $52K 322:1 2025
Warner Bros. Discovery, Inc.SEC EDGAR DEF 14A, CIK 1437107 $49.6M $171K 290:1 2023
Paramount GlobalSEC EDGAR DEF 14A, CIK 813828 $31.3M $114K 274:1 2023
Fox CorpSEC EDGAR DEF 14A, CIK 1754301 $23.8M $89K 267:1 2023
Lumen Technologies, Inc.SEC EDGAR DEF 14A, CIK 18926 - - 260:1 2025
Cogent Communications Holdings, Inc.SEC EDGAR DEF 14A, CIK 1158324 $25.4M $98K 259:1 2025
Verizon Communications IncSEC EDGAR DEF 14A, CIK 732712 $38.3M $154K 248:1 2025
Frontier Communications Parent, Inc.SEC EDGAR DEF 14A, CIK 20520 $25.1M $109K 230:1 2023
At&t Inc.SEC EDGAR DEF 14A, CIK 732717 $29.9M $139K 215:1 2025
iHeartMedia, Inc.SEC EDGAR DEF 14A, CIK 1400891 $13.9M $67K 206:1 2023
Gray Media, IncSEC EDGAR DEF 14A, CIK 43196 $11.5M $57K 202:1 2025
Gray Media, IncSEC EDGAR DEF 14A, CIK 43196 $10.6M $54K 197:1 2023
Optimum Communications, Inc.SEC EDGAR DEF 14A, CIK 1702780 $15.1M $78K 194:1 2025
Sinclair, Inc.SEC EDGAR DEF 14A, CIK 1971213 $10.8M $56K 194:1 2025
At&t Inc.SEC EDGAR DEF 14A, CIK 732717 $26.5M $137K 193:1 2023
Sinclair Broadcast Group, LLCSEC EDGAR DEF 14A, CIK 912752 $9.6M $54K 178:1 2022
Tegna IncSEC EDGAR DEF 14A, CIK 39899 $11.0M $67K 165:1 2023
AMC Global Media Inc.SEC EDGAR DEF 14A, CIK 1514991 - - 164:1 2023
Paramount GlobalSEC EDGAR DEF 14A, CIK 813828 $19.5M $129K 151:1 2024
DISH Network CORPSEC EDGAR DEF 14A, CIK 1001082 $10.8M $73K 149:1 2022
Verizon Communications IncSEC EDGAR DEF 14A, CIK 732712 $24.2M $24K 144:1 2023
Tegna IncSEC EDGAR DEF 14A, CIK 39899 - - 130:1 2024
Sinclair, Inc.SEC EDGAR DEF 14A, CIK 1971213 $7.2M $57K 127:1 2023
Frontier Communications Parent, Inc.SEC EDGAR DEF 14A, CIK 20520 $12.4M $103K 121:1 2024
Cable One, Inc.SEC EDGAR DEF 14A, CIK 1632127 - - 118:1 2025
Cogent Communications Holdings, Inc.SEC EDGAR DEF 14A, CIK 1158324 $11.0M $95K 116:1 2023
Lumen Technologies, Inc.SEC EDGAR DEF 14A, CIK 18926 - - 113:1 2023
AMC Global Media Inc.SEC EDGAR DEF 14A, CIK 1514991 - - 106:1 2024
Cable One, Inc.SEC EDGAR DEF 14A, CIK 1632127 $7.7M $74K 105:1 2023
EchoStar CORPSEC EDGAR DEF 14A, CIK 1415404 $8.9M $85K 105:1 2024
AST SpaceMobile, Inc.SEC EDGAR DEF 14A, CIK 1780312 $14.3M $139K 103:1 2025
Roku, IncSEC EDGAR DEF 14A, CIK 1428439 $26.6M $268K 99:1 2025
TechTarget Holdings Inc.SEC EDGAR DEF 14A, CIK 1293282 $2.0M $22K 90:1 2023
Roku, IncSEC EDGAR DEF 14A, CIK 1428439 $20.2M $253K 80:1 2023
Entravision Communications CorpSEC EDGAR DEF 14A, CIK 1109116 $4.1M $55K 75:1 2025
EchoStar CORPSEC EDGAR DEF 14A, CIK 1415404 $111K $109K 65:1 2023
Gogo Inc.SEC EDGAR DEF 14A, CIK 1537054 $8.7M $139K 63:1 2023
Viasat IncSEC EDGAR DEF 14A, CIK 797721 $8.9M $156K 57:1 2023
ATN International, Inc.SEC EDGAR DEF 14A, CIK 879585 $3.6M $64K 56:1 2023
ATN International, Inc.SEC EDGAR DEF 14A, CIK 879585 $3.0M $55K 55:1 2025
Sirius Xm Holdings Inc.SEC EDGAR DEF 14A, CIK 908937 $8.0M $153K 52:1 2025
E.W. SCRIPPS CoSEC EDGAR DEF 14A, CIK 832428 $7.2M $73K 51:1 2025
Optimum Communications, Inc.SEC EDGAR DEF 14A, CIK 1702780 $4.3M $87K 50:1 2023
Iridium Communications Inc.SEC EDGAR DEF 14A, CIK 1418819 $9.0M $179K 50:1 2025
Sirius Xm Holdings Inc.SEC EDGAR DEF 14A, CIK 908937 $7.2M $146K 49:1 2023
Iridium Communications Inc.SEC EDGAR DEF 14A, CIK 1418819 $9.0M $183K 49:1 2023
Viasat IncSEC EDGAR DEF 14A, CIK 797721 $8.0M $177K 45:1 2024
Audacy, Inc.SEC EDGAR DEF 14A, CIK 1067837 - - 41:1 2022
Shenandoah Telecommunications Co/va/SEC EDGAR DEF 14A, CIK 354963 $3.4M $86K 40:1 2023
TechTarget, Inc.SEC EDGAR DEF 14A, CIK 2018064 - - 36:1 2025
Shenandoah Telecommunications Co/va/SEC EDGAR DEF 14A, CIK 354963 $2.3M $73K 36:1 2025
Spok Holdings, IncSEC EDGAR DEF 14A, CIK 1289945 $2.3M $112K 21:1 2023
Spok Holdings, IncSEC EDGAR DEF 14A, CIK 1289945 $2.4M $113K 21:1 2025
Adeia Inc.SEC EDGAR DEF 14A, CIK 1803696 $5.4M $300K 18:1 2023
Anterix Inc.SEC EDGAR DEF 14A, CIK 1304492 - - 16:1 2025
Ziff Davis, Inc.SEC EDGAR DEF 14A, CIK 1084048 $1.2M $82K 14:1 2025
Adeia Inc.SEC EDGAR DEF 14A, CIK 1803696 $6.5M $448K 14:1 2025
E.W. SCRIPPS CoSEC EDGAR DEF 14A, CIK 832428 $5.3M $68K 12:1 2023
Idt CorpSEC EDGAR DEF 14A, CIK 1005731 $1.5M $164K 9:1 2024
Crexendo, Inc.SEC EDGAR DEF 14A, CIK 1075736 - - 9:1 2024
Calix, IncSEC EDGAR DEF 14A, CIK 1406666 - - 8:1 2023
Ziff Davis, Inc.SEC EDGAR DEF 14A, CIK 1084048 $521K $74K 7:1 2023
Telephone & Data Systems Inc /de/SEC EDGAR DEF 14A, CIK 1051512 $499K $71K 7:1 2023
Array Digital Infrastructure, Inc.SEC EDGAR DEF 14A, CIK 821130 - - 6:1 2023
Telephone & Data Systems Inc /de/SEC EDGAR DEF 14A, CIK 1051512 $453K $75K 6:1 2025
Idt CorpSEC EDGAR DEF 14A, CIK 1005731 $1.1M $218K 5:1 2023
Calix, IncSEC EDGAR DEF 14A, CIK 1406666 - - 5:1 2025
Crexendo, Inc.SEC EDGAR DEF 14A, CIK 1075736 $331K $110K 3:1 2022
Globalstar, Inc.SEC EDGAR DEF 14A, CIK 1366868 $91K $91K 1:1 2023
Globalstar, Inc.SEC EDGAR DEF 14A, CIK 1366868 $102K $102K 1:1 2025
Array Digital Infrastructure, Inc.SEC EDGAR DEF 14A, CIK 821130 - - 1:1 2025
Data Source: This data is sourced from SEC EDGAR proxy statement (DEF 14A) filings. PlainCEOPay provides this publicly available information for informational purposes only. Not investment or financial advice. Verify with SEC EDGAR →

Frequently Asked Questions

What's the typical pay ratio in Communications?
The median CEO pay ratio in Communications is 87:1, meaning the typical CEO earns 87 times more than the median employee. The average across 30 companies is 176:1.
How much do Communications CEOs earn?
Median CEO compensation in Communications is $10.8M, with an average of $20.6M. The 25th percentile CEO earns around $3.6M and the 75th percentile around $26.0M.
How many companies report CEO pay in Communications?
30 companies in the Communications sector (SIC code 48) filed CEO-to-worker pay ratio disclosures with the SEC in FY2025, as required by the Dodd-Frank Wall Street Reform Act.
Where does this Communications pay data come from?
All executive compensation data is sourced from SEC EDGAR DEF 14A proxy statement filings. The Dodd-Frank Act requires publicly traded companies to disclose CEO-to-median-worker pay ratios annually. PlainCEOPay aggregates and benchmarks this data by 2-digit SIC industry code.
Why is the average pay ratio much higher than the median in Communications?
The average pay ratio of 176:1 is significantly higher than the median of 87:1 because a few companies with extremely high CEO pay pull the average up. The median is a more representative measure of the typical company in this industry.

Related

Data sourced from SEC EDGAR filings (DEF 14A proxy statements). See our methodology for details. Retrieved and formatted by PlainCEOPay

Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Industry benchmarks are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.