MEDIA
03/26/2009 05:12 am ET Updated May 25, 2011

Brian Tierney, CEO, Got Raise As Philly Papers Tanked

As the parent company of The Philadelphia Inquirer and Daily News slid toward the Chapter 11 bankruptcy filing it made over the weekend, one employee did well on the pay front: CEO Brian P. Tierney.

Documents filed Sunday by Philadelphia Newspapers LLC and seven affiliates said that the pay of Tierney, a public relations executive who put together the investment group that bought the paper from McClatchy (nyse: MNI - news - people ) in June 2006 for $562 million, was boosted just two months ago by 38% to $850,000.

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