The payout worth 500 journalists

...or “what's your priority?”

“Newsosaur” looks askance at former Tribune chief executive Dennis FitzSimons’s $38 million exit package:

Fitz’s handsome parting gift would be enough to pay some 543 reporters, copy editors or photographers at a big paper like the Chicago Tribune or Newsday, assuming average annual comp and benefits of $70,000 a year per newsperson.

I think it’s called “take the money and run.”

LATER: And speaking of “taking the money and running,” Fred Jacobs noted a bit of irony in a pair of stories that broke Tuesday:

So, on the one hand, the FCC passes the measure allowing media companies to own both a newspaper and a radio or television station in the same market. And on the other, Clear Channel brooms its entire staff in their Modern AC in Lancaster, CA and has replaced it with a simulcast of KIIS-FM/Los Angeles.

I think it’s not called “public service.”

Posted by: Old Grouch in The Press at 00:09:28 GMT | No Comments | Add Comment
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