:
SoFlo: NEWS
PLANTATION SCHEME (5#) -

This week starts out with
outrageous news from Topix,
because, far as I know, here in the U.S. it is illegal to volunteer to be a slave. These 3 MSM companies, listed below, demand 22% profit margin, their CEOs get millions of dollars compensation a year, and they're calling for uncompensated "volunteers." Sounds like a new form of slavery to me. And, although I'm not a lawyer, it sounds essentially illegal. Read on and decide for yourself...

# "Topix, jointly majority-owned by Gannett, Tribune and McClatchy, is migrating the site from the .net domain to Topix.com... The site will also get a significant change of focus from being a news search engine with comments/discussions, to a citizen-journalism news site, which will also have news search as part of it." [Rafat Ali]

# "Topix is a Palo Alto, Calif.-based company 75 percent controlled by Gannett Co., McClatchy Co. and Tribune Co."

# McClatchy CEO's total compensation in 2006 was $5.6M. Tribune CEO FitzSimons expected to get $21.3M from Zell deal. [RoPo]

# The Tribune Co. is going private in a deal with tycoon Sam Zell that will give shareholders $34 a share in a two-stage transaction... [E&P]

# Topix Blog :: perma ::

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