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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 with the eliminations of dozens of jobs at GateHouse-owned newspapers, including at least six journalists at the Providence Journal, another six at the Worcester Telegram & Gazette, and several more at the New Bedford Standard-Times and the Herald News in Fall River.

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