05 October 2009

Compensation - How much is right? - "The Media Equation - With Tribune in Bankruptcy, a Tone-Deaf Request for Bonuses" - NYTimes.com

In recent days, there have been several stories about compensation to people working in the news and newspaper business. The other principal one has been ProPublica, the non-profit supported primarily by the gift of one man, where they claim to be paying salaries commensurate witht he private sector....although seemingly too high. In all of these cases, there is a need for a "reality check", a sober reflection on whether the business of news can support such high pay anymore. If we are looking for a way to have a sustainable newspaper business, I doubt almost completely that we will find that plan amidst salaries for editors and reporters well over 300,000 USD.

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