A.H. Belo, announced Wednesday that Robert Decherd will retire as its chairman, president and CEO on Sept. 11 and be succeeded by Jim Moroney, the Dallas Morning News‘ longtime publisher and CEO. Decherd, 62, will move to a new role as vice chairman of the board — and he’ll be richly compensated for doing so, according to a filing late Wednesday with the SEC. Decherd will be paid $300,000 a year in 2014, 2015 and 2016 to serve as vice chairman of A.H. Belo’s board of directors, the company disclosed. Although Decherd will stop being CEO in September, he’ll still get his full $600,000 annual salary for 2013 and will be eligible for a full year’s bonus. Decherd earned $1.9 million in 2012.
James Moroney, publisher and CEO of The Dallas Morning News since 2001, will become CEO of the newspaper’s parent company A.H. Belo Corp. in September when current CEO Robert Decherd retires. Decherd has been CEO of A.H. Belo since its spin off from Belo Corp. in 2008.
The Radio Television Digital News Foundation will honor three news leaders — Belo’s Robert Decherd, CNN’s Candy Crowley and NBC’s Lloyd Siegel — for their commitment to the First Amendment and excellence in journalism at the 23rd Annual First Amendment Awards Dinner on Thursday, March 14, 2013.