Tierney, who along with other investors purchased the publisher of the Philadelphia Inquirer and the Philadelphia Daily News in 2006 for more than $500 million, also received $650,000 in salary, a $350,000 bonus for 2008, and a $175,000 bonus for 2007. In total, his compensation came to $1.175 million, a number he called “very low.”
In late 2008, Philadelphia Newspapers union members agreed to give up their raises in an attempt to keep the company from bankruptcy.
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