Tuesday, April 17, 2012

$1.3 million for McClatchy VP, the axe for hundreds


While McClatchy is jettisoning hundreds of reporters and other employees, it paid McClatchy vice president Anders Gyllenhaal, overseer of the layoffs, $1.3 million last year. Gyllenhaal went to McClatchy in 2010 from Miami Herald executive editor.

CEO Gary Pruitt, who is leaving to head the AP, got $4.3 million in compensation.

All while McClatchy revenues dropped 8 percent and advertising sank 9 percent.

Click on the headline for the full Miami New Times story.

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