A.H. Belo executives get big raises

WPRI
A.H. Belo CEO and chairman Robert Decherd will get a 25 percent raise, to $600,000; Jim Moroney, executive vice president of A.H. Belo and publisher of the Dallas Morning News, will get a 15.5 percent raise, boosting his base pay to $540,000. The pay hikes, Ted Nesi reports, come “despite a 45% decline in [A.H. Belo's] stock price during 2011, the fourth straight year it lost money.” The company says its top executives have more work now after others left and weren’t replaced. John Hill, president of the Providence Newspaper Guild union, said it’s “galling and insulting” to offer raises less than a year after buying out and laying off employees at The Providence Journal. The Morning News laid off some of its staff in September. || Related: New York Times Co. hires Spencer Stuart to look for new CEO (Bloomberg) | Gannett says separating CEO and chairman roles is better for shareholders (Gannett Blog) || Earlier: Craig Dubow gets $32 million severance package from Gannett (Associated Press) | Janet Robinson’s exit package from New York Times exceeds $21 million (Bloomberg)

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  • Anonymous

    just like american airlines……….. they lose their ASS, yet top brass get HUGE pay raises.

  • Anonymous

    A bunch of looters. They should be ashamed.

  • Anonymous

    A bunch of looters. They should be ashamed.

  • Anonymous

    pathetic