Tuesday, January 27, 2009

Lee joins newspaper privation train

Robert MacMillan writes:

Lee Enterprises, publisher of the St. Louis Post-Dispatch and owner of a bunch of small U.S. daily newspapers, is learning the public relations benefits of making its executives do without.

The Davenport, Iowa-based Lee released its annual proxy filing with the U.S. government on Monday, in advance of its annual meeting. I was expecting to see the usual details buried deep within about the pay raises, bonuses and other monetary rewards that executives tend to earn even when times turn tough.

I was wrong.


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