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Abstract

This study examines the compensation of newspaper company chief executive officers (CEOs) and other top executives, comparing compensation with key measures of the companies’ financial performance and employment levels. Fixed-effect regressions found only a small relationship between CEO pay and companies’ market value for 2000 to 2013. There was no relationship between pay and return-on-assets or return-on-equity. Unobserved characteristics of individual companies are associated with CEO pay. The implications for the financial health of newspaper companies are discussed.

Keywords

newspaper companies executive compensation corporate performance

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Sharing the pain? An examination of CEO and executive compensation of publicly traded newspaper companies

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