Shareholders of the parent company of newspaper chain GateHouse Media Inc., New Media Investment Group Inc., rejected a proposed compensation plan that includes $1.7 million for GateHouse CEO Kirk Davis.

The vote, which occurred Thursday, comes as shares of New Media Investment Group (NYSE: NEWM) are trading at all-time lows, and less than a month after the company’s longtime chairman, Wesley R. Edens, resigned from that role and was replaced by New Media CEO Mike Reed.

The vote also coincided…

Boston Biz Journal https://www.bizjournals.com/boston/news/2019/05/24/in-rare-rebuke-shareholders-of-newspaper-chain.html?ana=RSS&s=article_search