Lee Enterprises, which has laid off 26 percent of its work force since 2010, granted a six-figure bonus last year to its CEO, Mary Junck.

If you’re wondering, the Tribune Company last month announced it was cutting 700 newspaper employees, about eight percent of its workforce, and as Cahill suggests, the company’s new balance sheet make future cuts, and a downward quality spiral, almost inevitable.

 

Dean Starkman Dean Starkman runs The Audit, CJR's business section, and is the author of The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism (Columbia University Press, January 2014).

Follow Dean on Twitter: @deanstarkman.