(Honest: We did not mean this post to fall just above the one on reporter pay.)
NEW YORK — McClatchy Co., the second-largest newspaper publisher in the country, disclosed in a regulatory filing Friday that it paid several of its top executives bonuses following the completion of the company's acquisition of Knight Ridder Inc.
Gary Pruitt, McClatchy's chairman and CEO, received a bonus of $1 million, while Patrick Talamantes, the chief financial officer, got a bonus of $250,000.
Howard Weaver, the vice president of news, got $125,000 and two vice presidents of operations, Robert Weil and Frank Whittaker, each received $100,000, the company said in a filing with the Securities and Exchange Commission.
In the filing, McClatchy said the compensation committee of its board of directors approved the payments on July 24 in connection with the successful completion of McClatchy's acquisition of Knight Ridder, which had previously been the second-largest newspaper company.
[Source: Associated Press in Houston Chronicle]
No comments:
Post a Comment