Saturday, October 13, 2007

Crying Wolf

I wrote that MediaNews execs were like wolves in sheeps' clothing. Now it appears they have been crying wolf over money matters. If profits are so bad, why did chief executive and vice chairman Dean Singleton pay himself $1.83 million, including a salary of $1,061,250 and a stock award of $484,000?He's not the only one cashing in. See the details on the Media News Monitor Web sitewww.medianewsmonitor.org/news.php?ID=4153Here's a hint: Reveue for the MediaNews Group, the Bay Area's largest newspaper publisher, increased 59 percent, to $1.33 billion, from $835.9 million.

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