The latest spectacular example is news that Britain’s Guardian newspaper is paying its editor, thanks to a massive 42% pay rise, a NZ$1m annual salary.
Like Stuff here, the daily Guardian newspaper’s free on-line issue makes pleas for donations from its readers. Last year this yielded The Guardian circa NZ$150m with over a million on-line readers pledging £1 per month and another half million making one-off payments.
All of that despite the newspaper having a base support from its owner, the tax exempt Scott Trust, which has a circa NZ$3billion investment fund used solely to fund the newspaper.
