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.