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NYTCo.'s Sulzberger Gets $1.6 Million Bonus

Published: March 03, 2006 4:08 PM ET
WASHINGTON (Dow Jones/AP) The New York Times Co. paid Chairman Arthur Sulzberger Jr. a salary and bonus of $1.6 million for 2005.
The New York-based media company also said he received options on 150,000 shares and got a grant of restricted stock units valued at $817,500.
Those figures compared with a salary and bonus of $1.9 million the previous year, with grants of 59,000 options and restricted stock valued at $433,840, the company said Friday in a filing with the Securities and Exchange Commission.
Janet L. Robinson, who became the Times' president and chief executive at the end of 2004, saw her salary and bonus increase by $100,000 to nearly $1.4 million. Robinson, who had been the company's chief operating officer, got restricted stock units valued at $2 million and options on 149,000 shares for 2005.
Robinson had received $414,120 in restricted stock the previous year, and options on 55,000 shares.
The 2005 grant to Robinson included 45,000 restricted stock units "designed to bring her total target compensation to slightly above the mid-range of compensation for similar positions at other companies of comparable size," the New York Times said.
The New York Times had 2005 sales of $3.37 billion.
(letters@editorandpublisher.com)
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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