Magazine article Editor & Publisher

Gannett Chief Dubow Made $7.5 Million in '07

Magazine article Editor & Publisher

Gannett Chief Dubow Made $7.5 Million in '07

Article excerpt

Craig A. Dubow, president, CEO and chairman of the nation's largest newspaper company, earned a total compensation package of $7,546,710 in 2007 including a salary and bonus unchanged from the year before, according to the company's annual meeting proxy filed with regulators late Thursday.

In February 2007, Dubow, 53, signed a new three-year employment calling for a base annual salary of at least $1.2 million. On top of that salary level in 2007, he was granted a bonus of $1.75 million, the same amount he received in 2006.

Dubow received stock options in 2007 that the executive committee valued at approximately $3.6 million, and restricted stock units (RSUs) it valued at about $1.1 million.

In the proxy filed with the Securities and Exchange Commission (SEC) Gannett said it had implemented a reduction in the size of its pool of long-term awards such as stock options and RSUs, "in light of softening economic conditions. …

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