CEO Craig Dubow

The chief executive of Gannett Inc., Craig Dubow, second from left, received a $37.1 million severance package despite presiding over the loss of some 30,000 jobs. (photo: Richard Drew/AP) By David Carr, The New York Times 24 October 11 lmost two weeks ago, USA Today put its finger on why the Occupy Wall Street protests continued to gain traction. "The bonus system has gone beyond a means of rewarding talent and is now Wall Street"s primary business," the newspaper editorial stated...Read Full Story

(Reuters) - Gannett Co <GCI.N> Chairman and Chief Executive Craig Dubow has resigned from his position because of a medical disability, the company said on Thursday.Gracia Martore has been appointed president and CEO and has joined the company's board of directors. Gannett director Marjorie Magner, who is managing partner of private equity firm Brysam Global Partners, has been named chairman.Martore was previously the company's president and chief operating officer and was serving as Gannett's...Read Full Story

USA Today owner Gannett said Friday that net profit surged in the second quarter on a strong performance from its television and digital properties and an improved print advertising climate.The McLean, Virginia-based Gannett, the biggest US newspaper chain, reported a net profit of 195.5 million dollars for the quarter which ended on June 27 compared to 70.5 million dollars a year ago.Revenue fell 1.6 percent to 1.37 billion dollars, slightly missing the target of 1.4 billion dollars set by...Read Full Story

Many of the newspaper publishers who have lost so much of their advertising revenue to competitors on the Web are hoping Apple's new iPad computer can help fix their business models.Gannett Co. CEO Craig Dubow discussed the iPad's potential on a conference call with analysts Wednesday.Gannett and other publishers are hoping readers will pay a subscription fee for applications tailored to the iPad. Gannett's USA Today has put out a free iPad app sponsored by the hotel chain Courtyard by...Read Full Story

Gannett Co. slashed its chief executive's pay package by 60 percent last year, passing along the financial misery that has tormented the largest U.S. newspaper publisher as its stock price and profit shrank amid an industrywide drop in advertising revenue.CEO Craig Dubow was granted 2008 compensation valued at $3.1 million, based on The Associated Press' analysis of figures Gannett filed with the Securities and Exchange Commission Wednesday. That's down from 2007 compensation of $7.9 million...Read Full Story