Monday, March 23, 2009

Just a horrible Monday

This all happened on the same day:

- Ann Arbor News announced it will close.
-Gannett announced a second week of furloughs company wide. One week for most, but two weeks for people making more than 90k
_ The Charlotte Observer cut its staff by 14.6 percent and reduce the pay of most remaining employees. In addition to the 82 company-wide layoffs – 60 full-time and 22 part-time employees – the Observer will reduce the hours of some employees.
_ The Plain Dealer in Cleveland announced all non-union employees to take pay cuts and 10-day furloughs. Full-time and part-time non-union employees will see their first $50,000 of pay cut by 8 percent and any additional pay cut by 10 percent as of June 1.
-Newhouse announced 10-day furloughs and pension freezes at all papers outside Michigan (including Birmingham, Mobile and Huntsville).
-Booth announced pay and benefit cuts in Kalamazoo, Jackson, Muskegon and Grand Rapids.
-Bay City, Flint and Saginaw scaled back to 3-days of print editions.
-Lexington Herald-Leader laid off 53, and announced wage cuts.
-Forum Communications suspended 401k match.

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