MediaNews Group has paid its top executives $1.875 million following the company’s purchase of the Mercury News and Contra Costa Times and an investment agreement with Chronicle owner Hearst Corp., according to a Securities and Exchange Commission filing.

    • Jody Lodovic, president and the company’s second-in-command after Dean Singleton, received a $1 million bonus;

    • Anthony F. Tierno, senior vice president of operations, received $50,000.

    • Eric J. Grilly, president of MediaNews Group interactive, received $75,000.

    • Gerald Grilly, executive vice president and chief operating officer, will get a $150,000 bonus for the Bay Area deal.

Gerald Grilly is also retiring, and will receive $1.25 million severance payable over three years, and a “fiscal 2006 performance bonus” of $81,250 and $33,000.

Replacing Grilly will be Steve Rossi, the former CFO of Knight Ridder, whose annual base salary will be $600,000 not including bonuses and benefits.

SF Press Club News


  1. Given the great job MediaNews has done running the ANG papers into the ground, I’m sure these raises are all well deserved!

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