Jun
21
2011

'We Are a Profit-Driven Industry'

"I mean, we are a profit-driven industry. And if you want the most eyeballs, you have to go with the thing that people are most talking about. But if you're trying to do a quality program, then maybe you have got to go with Iraq and Iran."

Politico's Julie Mason, explaining the amount of coverage of Anthony Weiner (CNN, 6/19/11)

UPDATE:

Jim Romenesko reports that Gannett will be laying off 700 employees:

That's about 2 percent of the workforce, according to Gannett US Community Publishing division president Bob Dickey. 'The economic recovery is not happening as quickly or favorably as we had hoped and continues to impact our U.S. community media organizations,' he says in a memo that's posted below. 'Publishers will notify people today and we will make every effort to reach everyone by end of day.' In March it was disclosed that Gannett CEO Craig Dubow received a $1.25 million cash bonus and had his salary doubled.

The item about those executive salaries is headlined:

Gannett paid CEO Dubow $9.4 million in 2010– double his 2009 pay

And the others aren't doing too bad either:

* Chief Financial Officer Paul Saleh: $2.9 million; includes a $225,000 bonus, after joining GCI last November.
* U.S. newspapers president Bob Dickey: $3.4 million, including $600,000 bonus. (His total 2009 pay: $1.9 million.)
* USA Today Publisher Dave Hunke: $2.5 million, including $375,000 bonus. (Total 2009: $1.9 million.)
* Broadcasting President Dave Lougee: $2.2 million, including $450,000 bonus. (Total 2009: $1.3 million.)

About Peter Hart

Activism Director and and Co-producer of CounterSpinPeter Hart is the activism director at FAIR. He writes for FAIR's magazine Extra! and is also a co-host and producer of FAIR's syndicated radio show CounterSpin. He is the author of The Oh Really? Factor: Unspinning Fox News Channel's Bill O'Reilly (Seven Stories Press, 2003). Hart has been interviewed by a number of media outlets, including NBC Nightly News, Fox News Channel's O'Reilly Factor, the Los Angeles Times, Newsday and the Associated Press. He has also appeared on Showtime and in the movie Outfoxed. Follow Peter on Twitter at @peterfhart.