Regular visitors here will be interested in two bits of news about Lee Enterprises, Inc., parent company of the Wisconsin State Journal.
First, Lee Enterprises CEO receives a half-million dollar bonus for the difficult executive work of guiding Lee through its recent refinancing to emerge from bankruptcy. Meanwhile two Lee-owned Montana newspapers lay off actual working journalists. More here at JimRomenesko.com. Does it bother working journalists when top management is in position to loot the company damaging the whole enterprise?
Second, the St. Louis Post Dispatch, another Lee newspaper, reports that Lee intends to introduce paid subscriptions for online content in most of its markets by the end of 2012. We’ll say, right off, that we have no problem paying for online content if we want it enough. But then that’s always the problem, isn’t it.