Gannett CEO’s total pay rose 14% in 2023 as median employee pay fell

Mike Reed, CEO of the largest newspaper company in the U.S., Gannett Inc., was given total compensation last year worth $3.9 million, a 14% increase over the previous year. According to the company’s annual proxy filing on Friday, that’s 76 times the total annual pay for the company’s median employee, which was $50,856. Meanwhile, median employee compensation fell last year by $179, a fraction of a percent, as inflation rose 3.4% over the same period. McLean, Virginia-based Gannett (NYSE:…...