Michael Massing of the Columbia Journalism Review digs up some startling info that helps explain why network TV news is knee-deep in FAIL while National Public Radio thrives:
Katie Couric's annual salary is more than the entire annual budgets of NPR's Morning Edition and All Things Considered combined. Couric's salary comes to an estimated $15 million a year; NPR spends $6 million a year on its morning show and $5 million on its afternoon one. NPR has seventeen foreign bureaus (which costs it another $9.4 million a year); CBS has twelve. Few figures, I think, better capture the absurd financial structure of the network news. (link)
It also captures a hard reality that news folk should keep in mind as they protest the collapse of their industry: most money in journalism, isn't spent on journalism.