Those of you who haven’t read David Carr‘s most recent column in the New York Times on the intrusion of Wall Street bonus culture into the newspaper business need to take a look now. Carr mainly focuses on former Gannett robber baron…er CEO Craig A. Dubow–who left the company with $37.1 million in retirement benefits after guiding the company’s stock into a ditch and laying off nearly 40% of its employees. But the Tribune Company and its current multi-million dollar executive bonus plan don’t escape Carr’s notice.
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Wall Street Bonus Culture Destroying the Newspaper Biz - FishbowlLA
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Wall Street may have a little to do with failing newspapers but in my humble opinion it is the failure of most of our major news organizations reporting the facts instead of a constant biased and sensationalized version of their liberal agenda. Most citizens who want factual news go to the internet. Case in point, FAST AND FURIOUS! Our Justice Department, Attorney General and the White House are stone walling and basically ignoring Congressional subpoenas. Where are the newspapers that cover this MAJOR scandal??? Watergate was a minor infraction compared to this insidious plot that caused the DEATH of two law enforcment officers and hundreds of Mexican citizens.
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