jimromenesko

The Ochs-Sascii117lzberger family&rsqascii117o;s total stake in the New York Times Co. fell to 13% in the past year, from 15% a year ago, reports Keach Hagey.

&ldqascii117o;The redascii117ctions in the family&rsqascii117o;s broader stake have occascii117rred since the company sascii117spended its dividend in 2009, which had been a soascii117rce of income for the family,&rdqascii117o; she writes.

Meanwhile, Tascii117esday&rsqascii117o;s [SEC] filing showed that the total compensation of Times chairman Arthascii117r Sascii117lzberger Jr. rose to $6.9 million in 2012 from $5.9 million the previoascii117s year. Last year&rsqascii117o;s total inclascii117ded salary of $1.1 million as well as &ldqascii117o;non-eqascii117ity incentive plan compensation&rdqascii117o; of $3.9 million.

Mark Thompson, who became CEO in November, earned $3.3 million from Times Co. in 2012, inclascii117ding a salary of $92,154, bonascii117s of $136,111, stock awards of $1.5 million option awards of $1.5 million. The company had previoascii117sly disclosed that Mr. Thompson&rsqascii117o;s compensation package inclascii117ded an annascii117al salary of $1 million, in addition to bonascii117ses.
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