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August 12, 2009

Judge: Newspaper union can see Tribune bonuses

Tribune, owner of The Sun, wants a bankruptcy judge's approval to pay top managers up to $70 million in bonuses even as the company has laid off journalists and pared back its papers. The Washington-Baltimore Newspaper Guild (full disclosure: I'm a member) opposes the bonuses. Says the Associated Press:

Judge Kevin Carey said details about the proposed bonus plan should be provided on a limited basis to attorneys for the Washington-Baltimore Newspaper Guild, which represents 225 workers at the Tribune-owned The (Baltimore) Sun and opposes the bonuses.

The judge agreed to allow the Chicago-based company to keep under seal a compensation consultant's report underlying the bonus plan and said information to be shared by the Tribune will be restricted.

"It's going only to the Guild," Carey ruled, denying the Guild's request to share the information with other unions, including those that joined in its objection to the bonus plan. Only the Guild made a formal objection in the case; the others joined in the Guild's petition.


Posted by Jay Hancock at 11:24 AM | | Comments (1)
Categories: Media
        

Comments

unseemly
# indecent: not in keeping with accepted standards of what is right or proper in polite society
# Inconsistent with established standards of good form or taste
# unseemliness - a lack of consideration for others

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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