Articles about "Compensation/salaries"

Compensation of NYT execs doesn’t ‘seem to match the company’s current size’

Reuters | Capital

Together, the three top executives at The New York Times — chairman and Publisher Arthur Sulzberger Jr., Times Co. CEO Mark Thompson and Vice Chairman Michael Golden — made $11.9 million in 2013, Jennifer Saba reports. “As a percentage of revenue, Times Co’s compensation is more generous than at six [media] companies and less generous than at three. But as a percentage of free cash flow, it far outranks every company, in many cases by a long way.”

Thompson, left, and Sulzberger in Paris last October. (AP Photo/Remy de la Mauviniere)

Sulzberger and Golden are members of the Ochs-Sulzberger family, which controls Times Co.’s preferred stock (and only those stockholders can vote on executive compensation). “In particular, Golden’s compensation raised questions, given his job as head of the Times Company’s human resources and modest international operations,” Saba writes. The company has posted better financial results since it shed non-core businesses like The Boston Globe and its share of the Red Sox, but “The levels of compensation don’t seem to match the company’s current size,” compensation expert Paul Hodgson tells Saba.

Sulzberger made “roughly $5.3 million” in 2013, down from $6.9 million in 2012, Joe Pompeo reported in March.… Read more


Women journalists make 17% less than men


The median salary of women journalists is 83 percent of their male counterparts’ pay, Monica Anderson reports for Pew. That’s in line with the national pay gap: “the U.S. Bureau of Labor Statistics found that median hourly earnings for all women in 2012 amount to 84% of what a man makes,” Anderson writes. Anderson’s report draws on the most recent Indiana University survey of journalists.

Ken Auletta reported Thursday that ousted New York Times Executive Editor Jill Abramson made a $475,000 salary in her first year in the top job. That’s 85 percent of what Auletta reports her predecessor, Bill Keller, was making that year.

Anderson gathers other stats from the annual ASNE census: At newspapers, the percentage of women has “barely budged,” she writes, and the percentage of women in supervisory positions has gone up a whopping 1 percent since 1998. Minority representation isn’t really taking off, either.

Thanks to @maryfduffy for bringing up the math on the Abramson/Keller salaries.Read more

1 Comment
FILE - In this Nov. 1, 2001, file photo, a pair of wild turkeys flail their wings as they run through a field in Calais, Vt. It's opening day of Vermont's spring turkey hunting. Hunters are allowed to get two bearded turkeys during the season, which runs through May 31. The Vermont Fish and Wildlife Department says last year hunters took more than 4,700 turkeys in both the youth and regular seasons. (AP Photo/Toby Talbot, File)

It’s bonus time, get out your carving knife

Frozen turkeys were a pretty popular bonus. (Deposit Photos)

A lot of journalists got the Bob Cratchit treatment when bonus time came, (past tense intentional,) bringing home turkeys, a bag of cranberries and even bacon.

“One newspaper for which I worked gave employees bacon as a Christmas bonus. The first year or two it was really good bacon, but eventually you could tell The Old Man (as we called our owner/publisher) was just sending his poor wife to the store and telling her to get whatever was cheapest,” Steve James wrote on Facebook.

Yesterday, after The Washington Post reported that staff at Washington City Paper were getting $250 bonuses, I asked what other bonuses reporters have received.

Through email, I got a link to a 2005 story in The Hook, a now-closed weekly paper in Charlottesville, Virginia, that wrote about the bonus that year for employees of the daily paper, Daily Progress. If this was a contest, I think we’d have a winner.

The local daily’s parent company, Media General, expects sharply higher than anticipated profits from 2004, and that corporate bounty trickled down to Progress employees in the form of an $8 holiday fixings gift certificate at Kroger, not to be used for alcohol and tobacco.

Read more

J-school grad who regretted her career choice explains what she did next

The Chicago Tribune

Betsy Mikel writes about graduating with a journalism degree and surveying the jobscape with dismay. About a quarter of people with journalism or communications degrees wish they’d gone into another field, a study from the University of Georgia’s Grady College recently found.

“There are only about 10 jobs in the whole country in your field and about 100,000,000 people are competing for them,” Mikel writes.

To make matters worse, those jobs happen to be located in the middle of small-town Alaska, far away from friends and family with pay way below the cost of living. …

My passion for journalism was still strong, but the instability of the field made me realize I needed a new plan.

Read more
Graduation cap and diploma

Study finds more than a quarter of journalism grads wish they’d chosen another career

University of Georgia | CNNMoney

About 28 percent of journalism grads wish they’d chosen another field, the annual survey of grads by the University of Georgia’s Grady College says.

“That it is a significant percent cannot be doubted,” the study’s authors write.… Read more


How can journalists negotiate for better salaries?

The National Association of Colleges and Employers’ annual report on college graduates has drawn a lot of attention to journalists’ salaries in recent weeks.

During a live chat, Michigan State University’s Joe Grimm addressed the study and offered strategies for helping journalists negotiate for better salaries.

Many journalists have objected to the NACE study, which found that the average starting salary for journalism-school grads is now $41,000; that average includes grads working inside newsrooms and outside the field — in law offices, PR agencies or anywhere else that seeks their skills. The average starting salary for journalism grads in newsrooms may be substantially lower, while working outside the field may net higher compensation. For instance, an annual study by the James M. Cox Jr. Center for International Mass Communication Training and Research at the University of Georgia’s Grady College of Journalism and Mass Communication found a median salary of $31,000 for recent grads. The United States Bureau of Labor Statistics, meanwhile, has its own stats on journalists’ salaries.

As Grimm recently wrote, averages rarely tell the whole story. There are a lot of reasons why some journalists’ salaries are higher than others — including geographic location, experience levels, and the job candidate’s negotiating skills.… Read more


Gov. stats: Median salary for reporters $35K, $52K for editors

Fourth in an apparently ongoing series on journopay

The United States Bureau of Labor Statistics spotlights the media and information industries in a series of delightful charts, including one that outlines salary information for employed journalists. These figures “do not include the unincorporated self-employed,” the BLS says.

The BLS counted 98,990 editors, the largest group among its list of media occupations.

Read more

1 Comment

Are journalism grads really earning starting salaries of $41k?

Third in an unplanned series about journalists’ salaries

Among the objections to a study by the National Association of Colleges and Employers I linked to Monday that said 2012 graduates of journalism programs had an average starting salary of $40,900:

I salute any attempts to add context to a study that does only what it claims to do: Collect data on starting salaries of 2012 graduates who are employed full-time.

But there’s one objection I can try to tackle: that NACE’s data doesn’t look much like the results of the most recent annual study of communications grads’ salaries by the James M. Cox Jr. Center for International Mass Communication Training and Research at the Grady College of Journalism and Mass Communication at the University of Georgia.… Read more