The information bottleneck (IB) problem of jointly stationary Gaussian sources is considered. A water-filling solution for the IB rate is given in terms of its SNR spectrum and whose rate is attained via frequency domain test-channel realization. A time-domain realization of the IB rate, based on linear prediction, is also proposed, which lends itself to an efficient implementation of the corresponding remote source-coding problem. A compound version of the problem is addressed, in which the joint distribution of the source is not precisely specified but rather in terms of a lower bound on the guaranteed mutual information. It is proved that a white SNR spectrum is optimal for this setting.