Columbia Journalism Review is particularly stern when it comes to the lush payoffs to executives of the gasping for cash Gannet Corporation. A taste: The nation’s biggest newspaper chain has run its papers with threadbare newsrooms to keep profit margins extra-high for shareholders. When the newspaper industry hit the wall a few years ago, Gannett “strip-mined its newspapers in search of earnings, leaving many communities with far less original, serious reporting,” as David Carr writes today in a terrific New York Times column, one of his best.
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