Thank you for boosting my salary!
Submitted by Belo CEO (not verified) on Tue, 04/15/2008 - 10:18pm.

I'm writing to thank you on behalf of the Belo management team. You've done a super job at cutting costs.
Your ability to accept layoffs in the last two yeasr with barely a whimper has helped me, I mean us, immensely. At KGW, Ron Pivo, Andrea Cantu, you're champs for sucking it up and losing your jobs.

2006 was a tough year but 2007 was even more difficult.
So tough in fact that my total compensation only doubled from its $5.7 million level in 2006.

$10.2 million seems a fair package to take home from last year's budgetary debacle. Now that Belo has split into 2 companies and I'm no longer in charge of the Broadcast division, I regret to say that the jobs you're going to lose this year won't help me at all. But I'm sure your new CEO will be as grateful next year as I am now.

(all figures come from Belo's just released annual report of Executive Compensation.)

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