American Media renewed Bonnie Fuller's contract, reports The New York Times
. Editorial director of a company best known for its supermarket tabloids, Fuller signed the new three-year deal late
last week, and will continue to rake in a $1.5 million annual base salary--but can earn more in bonuses over the next three years than she has in the past, as she is guaranteed an annual bonus of at
least $500,000, based on the performance of Star
. The new contract is a sign that her job--and that of David Pecker, chief executive of American Media--are safe for the time being, the
says. The industry is rife with rumors of his imminent ouster, and "they're in a little bit of a crisis," notes Reed Phillips III, a managing partner of DeSilva & Phillips, a media
investment banking firm.
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