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A.H. Belo Corp., owner of The Dallas Morning News and three other daily newspapers, plans to cut employee salaries by as much as 15 percent next month, the Morning News reported, and suspend its retirement supplement to pension plan participants next year.
Robert W. Decherd, A. H. Belo’s chairman, president and chief executive, said the move comes at “one of the most trying advertising environments our industry has ever encountered,” the story said.
“These decisions are not taken lightly and all are made with a focus toward maintaining A.
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