Gannett CEO taking 2nd medical leave in 2 years

AP News
Posted: Sep 15, 2011 8:36 PM
Gannett CEO taking 2nd medical leave in 2 years

Gannett CEO Craig Dubow is taking a medical leave of absence for the second time in two years from the largest U.S. newspaper publisher.

Under a plan announced Thursday, Gracia Martore, Gannett' Co.'s chief operating officer, will fill in while Dubow is away. Martore also ran Gannett when Dubow took a four-month leave in 2009. The company publishes USA Today and more than 80 other U.S. newspapers.

As was the case in 2009, Dubow needs to address back and hip problems, according to a Gannett spokeswoman. The company didn't estimate when Dubow will be able to return to work.

Dubow, 56, has been Gannett's CEO since 2005. He is also a member of The Associated Press' board of directors.

Dubow's contract calls for him to be paid an annual salary of $1.2 million, but he has voluntarily reduced the amount to $1 million in each of the past three years. He decided to forgo part of his salary while Gannett has been laying off workers and cutting other costs to offset a decline in revenue as newspapers' print advertising shifts to the Internet.

Gannett shares added a penny to $10.09 in Thursday's extended trading.