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Tribune Company Bonus Plan Gets the OK

Tribune Company bankruptcy judge Kevin Carey signed off on the company’s plan to dole out $42.5 million in bonuses to around 640 people in management.

“I think it’s entirely reasonable to order this relief in these uncertain times,” Carey said during a hearing for the plan earlier today.

Truer words have never been spoken. We can’t even begin to comprehend what would happen if management felt a slight pinch during these troubling economic times. God forbid! Pillars would crumble! The heavens would fall! The demon soul of Karl Marx himself would descend from the sky and rape every virgin in sight!

Carey has now authorized more than $134 million in management bonuses since Tribune Co. filed for bankruptcy in 2008. We can’t even begin to count how many thousands of journalists and print workers have been laid off during that same time.

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