Top Gannett Execs Take in Over $24 Million

By Kevin Eck 

The Rochester Business Journal reports Gannett’s annual proxy filing with the SEC reveals the station group’s five top executives were paid more than $24 Million last year.

The filing showed David Lougee, (pictured) president of Gannett Broadcasting earned $2.49 million in total compensation for 2014. The rest of the executives listed below include the CEO and CFO of Gannett, the head of U.S. Community Publishing, an the president of Digital Ventures.

President and CEO Gracia Martore earned $12.4 million in total compensation in 2014, compared with $7.9 million in 2013. Her 2014 compensation package included a salary of $1 million, up from $900,000 and a bonus of $2.75 million, up from $2 million. She also received stock awards of nearly $4 million. The biggest increase was $4.5 million in a change in pension value and non-qualified deferred compensation earnings, up from $1.7 million in 2013.

Victoria Harker, chief financial officer, earned $2.7 million, including a salary of $655,000. Her total compensation was up from $2.6 million in 2013.

Robert Dickey, president of U.S. Community Publishing, earned $4 million, up from $2.8 million. His salary was unchanged at $675, 000. David Lougee, president of the broadcasting division, earned $2.49 million, up from $2.42 million; and John Williams, president of digital ventures, earned $2.9 million. His 2013 pay was not listed.

The media and marketing solutions company is based in Virginia and owns 82 daily U.S. newspapers, including the Democrat & Chronicle Media Group and USA Today. The media conglomerate also owns or services 46 television stations.