“No one, least of all me, is suggesting that running a newspaper company is a piece of cake. But the people in the industry who are content to slide people out of the back of the truck until it runs out of gas not only don’t deserve tens of millions in bonuses, they don’t deserve jobs.”

David Carr gives media execs who lay off workers while lavishing bonuses on themselves the SMACKDOWN. Worth a read. (via cmonstah)

This is a really important point that doesn’t get made enough: A lot of big media’s wounds are self-inflicted. To take an example from one truck that ran out of gas, the total compensation for the top 15 people (combined business and editorial) at Newsweek in 2009 (the year it lost $30 million) was more than the entire budget for the Newsweek.com Website. 

(via capitalnewyork)

Notes

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