KXLH is reporting that the Independent Record has laid off yet another round of workers:
The Helena Independent Record has laid off a handful of employees.
Staff members have confirmed that some positions have been entirely eliminated while others are being offered relocation packages.
But don’t worry, fans of American corporations and corporate malfeasance. The woman whose incredibly bad decisions have gutted the IR’s parent company Lee Enterprises, won’t be suffering, as the St. Louis Post Dispatch reported today:
Getting Lee Enterprises through bankruptcy earned a $500,000 bonus for Lee Enterprises CEO Mary Junck, according to a new company filing with the Securities and Exchange Commission.
The compensation committee of Lee’s board of directors awarded the bonus to Junck, along with a $250,000 bonus to chief financial officer Carl Schmidt.
That’s an impressive display of American capitalism right there. Junck drove the formerly healthy company into bankruptcy through her mismanagement before getting a cool half million dollars for “getting” the company through her failure.
I can’t even imagine what another round of cuts will look like at the Independent Record, which is becoming a shell of a newspaper, despite making a profit on its own. It’s pretty tough to put out a quality product when you don’t have enough staff to do the job and now it appears they IR will have even fewer hands on deck.