Knight Ridder CEO Awarded $802,825 Bonus

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By: (AP) The top executive of Knight Ridder, one of the country's largest newspaper publishers, collected a bonus of $802,825 last year, according to a proxy filed Tuesday.

None of the company's executives received a bonus in 2001, the filing said.

P. Anthony Ridder, chairman and CEO of Knight Ridder, was paid a salary of $940,500 in 2002, a slight increase over last year's annual paycheck of $935,720, the filing said.

The San Jose, Calif.-based company granted its chief executive 175,000 options in 2002, compared with 150,000 in 2001.

Knight Ridder publishes 32 daily and 25 non-daily newspapers across the United States, including such heavyweights as the Detroit Free Press, The Philadelphia Inquirer, and The Miami Herald. A pioneer in online news, the company also operates a number of Web sites.

Shares of Knight Ridder were at $61.50 early Tuesday afternoon, up 93 cents, or 1.5%, on the New York Stock Exchange.

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