Thursday, April 20, 2006

KOAM owner's CEO receives $400,000 bonus

Edward K. Christian, CEO of Saga Communications, owner of KOAM and KFJX television stations in the Joplin/Pittsburg market, received a $530,438 salary and a $400,000 bonus during 2005, according to a proxy statement filed today with the Securities and Exchange Commission.
The bonus was based on Christian's meeting goals set by the Executive Compensation Committee, according to the proxy statement.
"Of the bonus awarded Mr. Christian, $225,000 was awarded based on the Company achieving net revenue and free cash flow goals for fiscal year 2005. An additional $175,000 was awarded by the Committee, in its discretion, based on market conditions and a subjective evaluation of Mr. Christian’s performance."

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