Gannett CEO Craig Dubow is stepping down due to medical issues. Dubow oversaw roughly 20,000 layoffs at Gannett media outlets, including the Courier-Journal. That’s a fact several media critics have found particularly unsavory in light of news that Dubow will receive $37.1 million in retirement and disability pay.
“…news like this makes you despair,” writes Jeffrey Goldberg in the Atlantic. “Does Craig Dubow actually believe he’s worth $37 million? How much does a man need to live comfortably? How much can Craig Dubow eat?”
Poynter quotes Paid Content’s David Kaplan on the issue:
“Can anyone argue that Gannett newspapers and journalism are better today, and that news consumers are better served? … As revenue fell, and stock prices tanked, and product quality deteriorated, they rewarded themselves huge pay raises and bonuses.”