Tribune execs rewarded

Tribune stock has lost 27% in value since the start of 2005 and most of its newspapers went through layoffs and are losing readers and advertisers, but the company yesterday disclosed salary raises for top executives. Dennis FitzSimons, chairman, president and chief executive officer, gets a 3.1% boost to $985,000. Scott Smith, promoted to oversee the newspapers in January 2005, received a 9.5% bump to $575,000. The Form 8-K also lists stock options.

Links via Romenesko


More by Kevin Roderick:
John Severson, 83, founder of Surfer magazine
LA Observed Notes: 60 Minutes, selling the Coliseum and more
Gil Cedillo, Nick Melvoin win LA runoffs*
LA Observed Notes: Baca goes down, LAX shuffle, media moves
LA Observed Notes: Big TV news, media moves, obits and more
Recent stories on LA Observed:
John Severson, 83, founder of Surfer magazine
Amy Goodman
LA Observed Notes: 60 Minutes, selling the Coliseum and more
'Tosca' glitters, Calleja swoons, Abraham and Taylor dance
Stendahl Gallery
Help for the homeless a phone call away?
Gil Cedillo, Nick Melvoin win LA runoffs*
LA Observed Notes: Baca goes down, LAX shuffle, media moves
Previous story: The Envelope redux *

Next story: New look at LATimes.com


 

LA Observed on Twitter