Tribune's FitzSimons Sees Bonus Drop 78%

By: E&P Staff Tribune Co. Chairman, President, and CEO Dennis FitzSimons' bonus was slashed by 78%, according to a recent filing with the Securities and Exchange Commission.

In 2004, FitzSimons received a bonus of $260,000 in 2004, as opposed to the $1.2 million he was paid in 2003. Effective Feb. 13, his salary increased 3% to $955,000.

Last year Tribune was rocked by circulation scandals at Newsday and Hoy.