Finally, some good news from Lee Enterprises. In the midst of stories about layoffs, cutbacks, consolidated “design centers,” smaller papers and higher prices, we learn that there is enough money floating around Lee to upgrade the top executives’ parachutes from golden to platinum. In truth, I don’t know how big the upgrades are, and I suppose it is even within the realm of possibility that the rewards for these folks have been reduced. But that would run counter to every single action taken by the company’s board of directors in the last 15 years. Here’s what we do know: Jim Romenesko, the mostly retired media blogger, reported last week that under an SEC filing dated Dec. Continue Reading →
