As a Gen Y member who has been fortunate (unfortunate?) enough to be both underling and now manager during my brief six-year career in this biz, I've been on both sides of the fence.
I wholeheartedly agree with whoever said above that a manager's job is to put out the best publication possible, ego stroking be damned. What you're not seeing, Lolly, is what a manager has to put up with every day, especially at a small paper. You think you bust your ass, writing copy, editing, shooting photos, taking calls, maybe doing some layout, etc.? Damn right you do, and you probably are underpaid and underappreciated. But so is everyone else sitting around you, and so is the guy who sits in the editor's office. But he's also got to listen to his publisher bitching him out for going over budget because you had to work OT to get the football game in, or he's got to find a way to cut expenses without losing people, etc.
As this point in this industry, lots of good managers are more concerned with keeping you employed than keeping you feeling "warm and fuzzy."
This sense of entitlement that I see from some members of my own generation bugs the heck out of me. I've hired a couple Gen Y-ers who realize that they have to start from the bottom, pay their dues, cover lousy Little League games during slow periods, and bust their tails covering preps in order to work their way up. But for the three I've hired (both in sports and news), I've interviewed 15 who expect to start with a higher salary than I have, get four weeks vacation immediately, not have to work nights or weekends, and so on.
In short, work hard, people will notice, and you might get the recognition and praise eventually. But right now this business is in survival mode, so be happy you're actually working.