< Back to All News

McClatchy CEO could get $2.5 million in 07

McClatchy Co. chief executive Gary Pruitt (pictured), who led his company’s effort to buy Knight Ridder and then decided to sell KR’s Bay Area papers to Dean Singleton’s MediaNews, could earn nearly $2.5 million next year in salary and bonus, according to documents filed Friday with the Securities and Exchange Commission. He’s guaranteed to make $1.1 million in 2007, a 4.8 percent increase from his salary this year. But he could earn another $1.38 million from an annual bonus if he reaches performance goals that have yet to be set. The Form 8-K filed by the Sacramento-based newspaper company also said vice presidents of operations Bob Weil and Frank Whittaker will each earn $600,000 next year, with a maximum bonus equal to 60 percent of their base salary ($360,000 each). Vice president and chief financial officer Pat Talamantes’ salary will be $500,000 with a 55 percent maximum bonus. Vice president of news Howard Weaver will earn $400,000 with a bonus of 50 percent of his salary.

< Back to All News