Fat-Cat Newspaper Execs Don't Answer to Readers

| September 24, 2001

Fat-Cat Newspaper Execs Don't Answer to Readers, Alice Cherbonnier, The Baltimore Chronicle & Sentinal
The economy is hurting and belt-tightening is occurring in all industries. But newspaper execs apparently have nothing to worry about, reports Alice Cherbonnier, writing in the The Baltimore Chronicle & Sentinal. 'The heads of 12 publicly held newspaper companies took home an average of $3.6 million each last year.' This is particularly disturbing when one realizes that these same papers are laying off employees and reducing the amount of news coverage. So, while the top execs are still earning the big bucks, newspapers are sacrificing their employees and their quality to uphold the bottom line during this economic downturn. A competent press is one of the most vital elements of a democratic society - which makes this trend in cost-cutting particularly dangerous. What's resulting is a climate where 'newspaper CEOs are increasingly being compensated based on stock prices and how their companies perform financially - not for producing quality journalism.'
--Al Paulson
Go there>>

Pay Now Save $5!

Utne Summer 2016Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $40.00 (USA only).

Or Bill Me Later and pay just $45 for 4 issues of Utne Reader!

Facebook Instagram Twitter