Who Actually Wants The Daytona Beach News-Journal To Be Sold?
Not the newspaper’s current owner, and not the employees.
Former employees of the Daytona Beach News-Journal have asked a judge to freeze the sale of the paper until the company’s pension deficit is straightened out. They join the paper’s local owners in protesting the pending sale, at $20 milllion, to Halifax Media Acquisition, an Arkansas-based company.
The newspaper’s pension plan is currently short by $14.37 million, and currently, the paper had proposed to review the pension deficit after the sale was completed.
That’s “too close for comfort,” reports
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in