MEDIA

Times Mirror Adopts Incentive Pay Plan: Stockholders of Times Mirror Co. at Wednesday’s annual meeting approved a long-term incentive pay plan aimed at “making a meaningful portion of (executives’) compensation directly dependent on business performance.” Under the plan, stock options or deferred cash awards for key managers are linked to whether the company’s total shareholder returns equal or exceed the median returns of a group of other major media companies. Times Mirror is parent of The Times and other newspapers and magazines, plus television and book publishing interests.