Projo Parent AH Belo’s Board Awards Big Raises to Top Bosses

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By: Ted Nesi |

Top executives at The Providence Journal’s parent company, A.H. Belo, are getting big pay raises despite a 45% decline in the publisher’s stock price during 2011, the fourth straight year it lost money.

The compensation committee of A.H. Belo’s board of directors awarded the largest increase to CEO Robert Decherd. His annual base salary will jump 25% to $600,000 in April, the Dallas-based company said in an SEC filing. Decherd is chairman of the board.

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