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Brian Tierney, CEO, Got Raise As Philly Papers Tanked

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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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