1. Borzou Daragahi, who is leaving the Los Angeles Times for the Financial Times, had this to say about a proposed bonus package for Tribune Co. bosses: Tribune 2 give $42.5 million bonuses to 640 managers that could be used 2 hire 640 journos http://bit.ly/q2GLT4 #media
2. Speaking of the LA Times: No more vacation accrual for the rest of the year, LA Observed reports.
3. Steve Lambert, editor and publisher of the San Gabriel Valley Newspaper Group, has stepped down, according to several sources. Lambert previously worked at the San Bernardino Sun, which is part of the same MediaNews Group chain of papers.
4. The LA Times laid off ten pressroom employees today. Pressmens blog