In focus: Moves of the newspaper titans
The New York Times Co. reached
an agreement with Harbinger Capital Partners and Firebrand Partners to allow two
outside board members for the first time since the company went public more
than 40 years ago. Meanwhile, owner Sam Zell told
Baltimore Sun staffers that Tribune
Co. may reevaluate its decision to keep all of its media properties. Craig
Dubow, Gannett president and CEO, received a
36% raise while his company's stock value plummeted.
Let the “termination” jokes begin. Maria Shriver was paid
an annual sum of between $100,000 and $1 million for the past three years as
part of her exit agreement with NBC.
Sports fans, rejoice. Sports
Illustrated is launching
SI Vault, an online database of 150,000 articles and 500,000 photos used since
the magazine's 1954 launch.
Goodbye, Harp magazine.
Hello, Slate financial site The Big Money.