Anyone think it was just bankers who were continuing to cash in throughout the recession?
The welcome return of Roy Greenslade sees him point out the hefty pay of US media giants Gannett’s chief executive, Craig Dubow.
Mr Dubow collected $4.7m (£3.14m) in 2009, including a bonus of $1.5m.
Not bad for someone who oversaw a decline in revenue of 22 per cent and sanctioned the departure of 6,000 employees across Gannett’s 84 papers in the US.
And for those lucky journalists in the UK who have had the pleasure of seeing budgets slashed at Newsquest, Gannett is the company which owns the British chain.
Craig the Shred may not sound as good as Fred, but it’s no less accurate.
State of Play: While media lies dying, the vultures pick at the bones