Dallas Morning News Slashes Salaries, Suspends Pension Supplement


By Rachel Kaufman Comment

A.H. Belo, the parent company of the Dallas Morning News, The Providence (R.I.) Journal, The (Riverside Cty, Calif.) Press-Enterprise, and the Denton Record-Chronicle, announced today that all staffers making more than $25,000 a year will have their pay cut. CEO Robert Decherd is going down with the ship and taking the highest cut, of 20 percent; everyone else is getting between 2.5 and 15 percent, saving the company $10 million. And the company’s pension plan is being suspended for 09 and 10, which saves the company $6 million but pretty much sucks for everyone.

The letter Decherd sent is online here.