That's so fucking wrong... It's "pike." His head should be on a pike.
While a pike might be a type of spike, the battle purpose-built pike is far easier for head impalement and more commonly associated with severed heads.
A pike is a long pole with a spike at the end. This is perfect for mounting heads when parading through the streets, but is less desirable for a permanent fixture, say on the steps of Congress.
A spike is usually referring to a fixed emplacement.
Anyone who isn't a journalist isn't an ideal owner. Let the experts have some autonomy, but no, whoever has the most money can just buy a news paper and have them do whatever