Saving journalism through $400K salaries?
As the clarion call for non-profit journalism sounds a little farther and wider every month, we’re all beginning to learn more about how this all may work. A fascinating interview in PaidContent.org with two key players from the new Bay Area News Project start-up includes a not-so-comfortable admission that the new CEO of BANP — who comes from the influential management consultancy McKinsey & Co. — is being offered a $400,000 salary (!) — this for running a non-profit news enterprise closely affiliated with University of California at Berkeley School of Journalism?
Does something feel amiss here? Given the painful, widespread lay-offs in the news industry (not to mention the pain educators are facing in the University of California system), the ironies seem inescapable.