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Blogonomics: Gawker's Latest Pay Cut

Choire Sicha has the latest update on Gawker's payroll, and it's pretty ugly. Gawker writers get paid per pageview, remember, and that pay, as of the beginning of Q3, has fallen by 23%, from $6.50 to $5.00 per thousand pageviews. That's on top of the 13% pay cut they took at the beginning of the second quarter, to $6.50 from $7.50 per thousand pageviews.

Nick Denton, Gawker's owner and editor, tries to explain what's going on:

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