Monday, May 04, 2009
Monday | May 4 | Your News & Comments
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72 comments:
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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ReplyDelete2AdPro is anti-American and is destroying the foundations of our country.
ReplyDeleteLike many others, my job with Gannett was eliminated in 2008 and I questioned the wisdom of staying in the newspaper business.
ReplyDeleteThe paper for which I worked progressively cut back editorial staffing, and finally it got to the point that news coverage was also being cut back.
Instead of continuing to cover news outside of the urban metro area, the paper eliminated that coverage.
An independent weekly that had been serving one of the communities that the daily stopped covering saw the niche opening, hired me and expanded its coverage are to include several rural communities that were no longer important to Gannett.
The expanded weekly is succeeding. People in the rural communities it serves are cancelling their subscriptions to the Gannett daily and subscribing to the independent weekly instead.
Contrary to the gloom and doom predictions of the media-watchers, the newspaper industry has a good future. Print editions are not necessarily a thing of the past.
They need not be, at any rate, if corporate management is responsible in its decision-making.
Gannett has made two decisions that I feel are at the root of its demise:
Its papers have a social agenda, and often that agenda is at odds with the sentiments of its subscribers and advertisers. Forced “diversity” is something readers commonly cite in their distaste for Gannett papers.
The company gives away its product on the internet and then wonders why people are not paying for the print edition. Several years ago, I asked a police chief why prostitution arrests had declined dramatically. He said “social mores have changed and people will not pay for something they can get for free.”
There are faults in internal operations as well:
Gannett has too many meetings, too many managers and too few front-line workers. It is burdened by too much non-productivity.
The corporation’s culture is not consultative, but rather dictatorial. Little comes up from the bottom; most comes from a top-down philosophy that is often distanced from reality. This has had a huge impact on morale.
Leadership positions at individual papers are filled by career Gannettites shuffled around from one paper to another. Too often that has meant publishers and editors more concerned about their own upward mobility than about the specific newspaper they oversee at a given time.
Advertising operations have also been affected by cutbacks, with ad reps told to ignore small accounts and focus only on larger ones generating a large cash flow. Gannett fails to realize that newspapers are the best advertising option for small businesses that can not afford radio or television and can best be served by a newspaper-based advertising schedule.
Those who worked for a newspaper that was purchased by Gannett during its expansion over the last 15 years have a point of comparison that people at long-time Gannett properties lack.
They have watched Gannett take over and make changes, and they have seen the changes fail. They often ask the question: “What do they think they’re doing?”
Of course, a look at the decline in the value of Gannett stock tells the real story.
It is tempting for Gannett defenders to say, simply, that it is the newspaper business that is in trouble and not just Gannett.
Yet many dailies are thriving, as are most weeklies.
Clark Howard, a talk radio show host who focuses on personal finances and investments, hit the mark in a recent monologue on “the media in trouble.”
He noted that all of the companies in trouble - such as Gannett and Cumulus - sealed their fates through poor business decisions based on greed and tunnel vision.
They expanded, buying up newspapers and broadcast properties, using borrowed money that created a heavy debt load.
They based their buying decisions on overly optimistic assessments of the future value of those properties and the income they would produce.
When the economy stagnated -something the corporate financial forecasters never considered - the companies were forced to cut personnel and operations in order to meet their debt payment obligations and to fend off or delay bankruptcy.
As they cut back operations, the value of their properties dropped. After all, a farmer going to a livestock auction will buy a healthy cow instead of a sick one.
Gannett’s practice, when buying a newspaper property, has been to eliminate any competition. In the past, its corporate finances allowed that strategy.
Gannett now lacks the financial resources or credit to do that.
Now, there is an opportunity for new publishers, without a heavy debt load, to play the same hand of cards that Gannett has played in the past.
With a small debt load and without a top-heavy structure, a new venture is in a position to deliver a fatal blow to Gannett, especially in small to medium markets where a startup requires less capitalization.
It is nothing less than Darwin’s “survival of the fittest” applied to the newspaper business.
Gannett loves to generalize this malady as something affecting the entire industry. The truth is quite different.
11:38 can you cut that down to fill the hole?
ReplyDelete11:38 -- You make some good points, but I have one big question: Does the weekly pay you what the Gannett daily did?
ReplyDeleteI have no doubt that many weeklies and family owned dailies have the potential to survive. But I have serious doubts that they will be paying decent middle class wages at anything other than executive management levels. In other words, I figure the publisher, executive editor and a few sales people will be doing fine, but journalists will be scraping by on $30,000 per year.
Since you can make that kind of money without a college degree. And because you can't raise a family on it, I can't see sticking with the business any longer than absolutely necessary. Am I wrong?
11;57
ReplyDeletethat's the kind of humor this blog should have! thanks
"Gannett’s practice, when buying a newspaper property, has been to eliminate any competition. In the past, its corporate finances allowed that strategy."
ReplyDeleteGannett's strategy has been to play monopoly in local communities. The Web kills that play. This blog is a good example. Gannett can't even manage its own employee communications anymore because of the Web.
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ReplyDeleteFirst, I have NEVER EVER posted on the Jersey or Elmira page!!! I am located in the South.
ReplyDeleteSecond, You wanted to infer last week that you were going as a representative of us all. YOU ASKED FOR A LIST OF QUESTIONS TO ASK DUBOW.
Third, It is hard to believe that the questions you asked were the best of the litter???
It appears that you only want the posts that are favorable to your performance.
As I stated before, I am not a hired gun, trying to discredit this blog. I like the blog. I like what you have accomplished here. But... it appears you do not want performance appraisals unless it shines a good light on you.
5/03/2009 9:17 PM
Seriously!!
Here's a very good point, something that should not die on the cutting room floor:
ReplyDeleteAnonymous said...
Are you planning to ask Western Carolina University whether they agree with Dubow's assessment of the situation?
5/03/2009 11:31 PM
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ReplyDeleteI don't have time to read all of 11:38 now before work, but the same is true in our local communities, except that the weeklies are thrown in our drive for free. No one I know reads Gannett; we all read those for local and Internet major news.
ReplyDeleteGannett blew it by empowering execs without an understanding of the company's product. And, it's probably too late to change that.
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ReplyDeleteAn editor column in todays paper tries to explain why some stories are continued adnauseum while "good news" is not, among other things. He states that bad news isn't in the paper to "sell papers". From a carrier's standpoint, he's either lying or is part of the reason newspaper's demise. When asked at times by people "is there any good news in the paper today", I shoot back "I hope not....good news doesn't sell". So I ask, is he trying to smooth over critics or does he not know what he's doing? Bad news does sell, albeit not for more than 3 days straight however, usually.
ReplyDeleteAnother point. USA TODAY, today, cut our draws 25 percent. Do they really not want to sell papers? During baseball season, Monday and Friday especially, we need more papers on the street. Some stores insist on a certain number whether they sell or not. They've even cut back numbers on others to where they are getting less than they sold last week. Is there some kind of new business logic I'm not getting? It also crosses the line contractually as we are supposed to get enough papers to do our job. This is clearly not happening, starting today.
Hey Jim, how about that separate daily thread focused on USA TODAY?
ReplyDeleteI don't recall seeing any mention of story on Hunke here. But I confess I couldn't finish any of the daily comments over the weekend -- because I just got tired of dodging all the vomit and spew.
Anyway, Hunke tells E&P that he sees USA TODAY charging for premium content. But what I found odd was his comment that "USA Today in print will continue to be here for at least the next five years, but digital delivery will drive a ton of delivery decisions."
Five years? There's some faith for you.
Story is here:
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003968197
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ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteSecond, You wanted to infer last week that you were going as a representative of us all. ...
ReplyDelete5/03/2009 9:17 PM
I suspect you mean "imply" not "infer." You need to learn the difference between between the meaning of the words.
Try a dictionary or that thing to which your computer is connected, teh interwebs.
11:38 PM wrote:
ReplyDeleteI asked a police chief why prostitution arrests had declined dramatically. He said “social mores have changed and people will not pay for something they can get for free.”
There's something addressing that in this morning's "NON SEQUITUR." A person "reading" a Mac at a diner counter tells a newspaper reader to "Enjoy it while you can, your old newpaper...It's all here for free online." He/she continues, "Aggregate news sites are taking over, so all the newspapers will soon be out of business."
"Oh," says the newspaper reader. "So then where will those sites go for their news links?"
I agree with 11:38 when he says, "Contrary to the gloom and doom predictions of the media-watchers, the newspaper industry has a good future. Print editions are not necessarily a thing of the past."
I made more money as an ad rep for a small weekly paper than I ever made while working as a rep for Gannett. My base salary was half of what I made with Gannett but the commission was on a better structure paying what was sold. Now, working for an independent internet news site on straight commission I make three times what I made at Gannett. I fought it for years but local internet news sites are the future for all advertising revenue.
ReplyDeletehttp://tinyurl.com/cbc5cr
ReplyDeleteI tried to ask this question last week but it was deleted, like many others:
ReplyDeleteCan someone comment on what's happening in New York? What's the latest on consolidation among Bing/Elmira/Ithaca? How is the combo copy desk working? And what is new with Poughkeepsie moving some editors to White Plains?
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ReplyDelete10:10-- The 1x1 in Saturday's IJ that said "PROMO HERE PLEASE" should give you some idea how the consolidation of copy desk/ad services is working.
ReplyDeleteExcellent post by 11:38. Gannett would like us to believe that its problems were caused by the recession, when all it did was accelerate the company's slow, self-inflicted death. Gannett is one truly screwed-up company. It doesn't care about its customers. It doesn't care about its employees. It doesn't care about journalistic excellence. And, based on the board's refusal to sack the inept leaders in charge, it doesn't care about its shareholders.
ReplyDeleteCan we please get circulation numbers for Westchester this week
ReplyDeleteGannett does care about revenue, period. They never encourage creativity on any level. If an advertiser gets one call on a magazine ad, they claim it is a success story. The purpose of a newspaper has gone down the drain along with Gannett.
ReplyDeleteI am a long time reader and supporter of this blog, but I have reservations about accusing corporate of the disinformation effort without serving up solid proof. What occurred is and was despicable. If you have proof it was sanctioned, share it. Otherwise, the accusation rings hollow, however personal and upsetting the attack may have been.
ReplyDeleteNew Orleans during Katrin would look like a brisk summer shower compared to what is going on in Elmira-Binghamton-Ithaca.
ReplyDelete11:12,
ReplyDeleteSolid proof? Get real. Did Jeff Wigand ever get solid proof that he was being harassed by Brown & Williamson? Did the survivors of Alexander Litvinenko ever get solid proof that the KGB was behind is poisoning? Jim is on established ground for airing out his concerns and shreds of evidence, meager as they might be. As one who has become pretty dependent on this blog for inside information -- and I don't mind the occasional rumors that don't pan out -- I've become fairly suspicious myself at the escalation of attacks on Jim leading up to the annual meeting. I hate to see that detract from the regular blog fare, but Jim's been sticking his neck out for us and we need to have his back.
This is where this company is going with babes in bikinis fighting with pillows and we've got 90 pics of them?
ReplyDeletehttp://palmsprings.metromix.com/
I would think that if corporate did participate in this blog and/or hire someone with the intent to discredit Jim's work on this blog, they would have come up with something better and more relevant than "Jim's a homo", etc...
ReplyDeleteI mean, c'mon folks! I really don't think that kind of behaviour came from Gannett Corp.
12:26 Thats because you are from Gannett!
ReplyDelete12:14 PM said: This is where this company is going with babes in bikinis fighting with pillows and we've got 90 pics of them?
ReplyDeletehttp://palmsprings.metromix.com/
AWWWWW YEAAHH!!!
This about sums it all up for me:
ReplyDeletewww.leasticoulddo.com/comic/20090504
RE:12:57 PM
ReplyDeleteBzzzzt. Wrongo.
That Gannett re-fi is still on the table, per company news release:
ReplyDeleteGannett Co., Inc. GCI today [5/4]announced that the early participation date in respect of its previously announced private exchange offer for its 5.75% Notes due 2011 (the “2011 notes”) (CUSIP No. 364725AE1) and its 6.375% Notes due 2012 (the “2012 notes”) (CUSIP No. 364725AC5) (collectively, the “Old Notes”) has been extended until 5:00 p.m., New York City time, on May 5, 2009 (the “Early Participation Date”).
As of May 1, 2009, according to Global Bondholder Services Corporation, the depositary for the exchange offer, the Company received valid tenders from holders of approximately $44 million aggregate principal amount of 2011 notes and approximately $189 million aggregate principal amount of 2012 notes. Holders who validly tender on or prior to the Early Participation Date, and whose Old Notes are accepted for exchange, will be eligible to receive an “early participation payment” of $30.00 for each $1,000 principal amount of Old Notes tendered.
.......
I agree totally with 11:12, and I consider myself a friend of this blog.
ReplyDeleteUntil Jim realizes how many Gannett workers and friends of this blog agree with 11:12 (and 12:57 from yesterday), the longer this needless tension over the blog will continue.
ReplyDeleteTo continually charge, without evidence, that corporate has launched some "campaign" to destabilize the blog, including homophobic comments, is just crazy and makes friends of this blog think again about the whole environment here.
The blog needs to move on; otherwise, many of your readers will.
1:44 That re-fi is failing. This in spite of a 3 percent giveaway for bond-holders to go along with the extension. I guess that means bond-holders feel they are going to get a much bigger deal when GCI is forced to refinance its debt at much higher interest rates, thanks to corporate's decisions to allow the debt rating to collapse into junk status.
ReplyDelete12:26pm
ReplyDeleteThere is no limit to what Gannett will do for the almighty dollar.
Jim, Gannett is a lousy company. No Question. The old regime though is starting to look good compared to what they have now. Having said that....you are starting to worry me. You are acting like a NUTBAG to the extreme. I think you need a vacation....summer in Europe?
ReplyDeleteThat comic strip is a laugh out loud moment.
ReplyDeleteAnd I find it quite ironic that the head honcho looks just like Craig...
How 'bout a blog topic that analyzes the news today about the refi offer extension? Jim, you're a former business reporter. Seems to me you should have an informed opinion on the viability of the notes, in light of the junk status.
ReplyDeleteEnd it with what do you think will happen in 2011-12. (Tip: inflation.)
The comic strip should really apply to Knight-Ridder, whose late-90s policy of indifference towards developing internet content hastened its downfall.
ReplyDeleteUncle Tony destroyed in less than a decade what his predecessors built in the prior century.
11:38: Amen, brother. You speak the truth!
ReplyDeleteAnd regarding this entry about independent newspapers:
"In other words, I figure the publisher, executive editor and a few sales people will be doing fine, but journalists will be scraping by on $30,000 per year."
Dude, I don't know where you work, but at both Gannett properties where I worked, journalist were barely making more than $30,000. Perhaps that's the problem. Too many upper managers making in excess of $90,000 per year and a failure to compensate talent at the "bottom."
Re: 12:14PM
ReplyDeleteThe Arizona Republic Metromix is just as bad / salacious.
I especially like the one size fits all captions they slap on this fine example of photojournalism. Image 10, for example,: These ladies went head to head during the National Bikini Pillow Fighting Championships Friday at Fantasy Springs Resort Casino. except they're two guys, "officials" judging from their b&w striped jerseys.
Were these photos staff shot or were they provided by the venue?
Tony Ridder was awful, but in hindsight he looks very smart for having sold Knight Ridder when he did for $40+ a share. Two thirds of it was in cash, the rest in McClatchy stock. So most KRI folks cashed out before all hell broke loose. What did McCorkinbum and Dumbow do? They refused to put the company up for sale, in its entirety or piecemeal, and Gannett is now a penny stock.
ReplyDeleteREASON FOR WORRY?
ReplyDeleteI just got a notice from Gannett informing me that its pension plan is underfunded. But it also says its "funding target attainment percentage" is 96.6 percent.
"Please note that while the Gannett retirement plan was frozen in 2008 for most employees, it was not terminated. A frozen plan differs from a terminated plan."
It also goes on to state that the plan is insured by the PBGC.
Can someone put this into perspective for a "words" person whose strong suit is not statistics and bookkeeping?
dear 3:47 - i'd like to joke that it's time to practice burger flipping, but seriously, that's not the case.
ReplyDeleteIt's just a new form of annual reporting. I got a couple from past employers too - one at 99% but Dow Jones at just in the 80s. (I didn't get a gannett one, 'cause I did get my full pension benefit as a laid off employee and rolled it over already.)
Anyway, take a look at the number of people alredy participating and the number expected to receive benefits in the future. The plan doesn't have to be at 100% or above now to make it work. But as the annual reports come out, watch for a trend (like if it declines more in the future).
>>> REASON FOR WORRY?
ReplyDeleteI just got a notice from Gannett informing me that its pension plan is underfunded. But it also says its "funding target attainment percentage" is 96.6 percent.
"Please note that while the Gannett retirement plan was frozen in 2008 for most employees, it was not terminated. A frozen plan differs from a terminated plan."
It also goes on to state that the plan is insured by the PBGC.
Can someone put this into perspective for a "words" person whose strong suit is not statistics and bookkeeping?<<<
-------------
It's an underfunded plan that doesn’t have enough assets to pay but 96.1 percent? Unfortunately, this is the majority of pensions today. Many plans were in trouble before the downturn; underfunding has become a real problem. Some of this is due to stock value declines, and recent estimates are that U.S. pensions are underfunded by a cumulative $350 billion.
Wow, a funding target attainment percentage template...just plug in the company name and dates:
ReplyDeletehttp://rds.yahoo.com/_ylt=A0geu5.ATP9JkxQBk5VXNyoA;_ylu=X3oDMTByamlqaW9mBHNlYwNzcgRwb3MDMwRjb2xvA2FjMgR2dGlkAw--/SIG=12g7lgr6n/EXP=1241554432/**http%3a//www.form5500help.com/FundingNotice-Appendix%2520A.doc
All above my head, but it sez: "The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan’s Net Plan Assets by Plan Liabilities on the Valuation Date. In general, the higher the percentage, the better funded the plan." Fortunately, I have my pension socked away and a few CD's; not the musical kind.
2:36pm
ReplyDeleteNo Jim is not acting like a nut..
I think working for a company like Gannett can cause employees to suffer from PTSD from the hostile work environment and abusive management tactics.
On the pension, the 96.6 percent level is what is required by the federal government and the IRS for pension plans. GCI is under that level and needs to find cash to plus up the plan to keep it solvent. It doesn't want to do that right now, because spare cash is scarce, so it is delaying payments until next year. If you are one of the chosen few entitled to a pension, this is something that should bother you because you will only get a reduced pension, even with Pension Benefit Guarantee Corp. rules.
ReplyDeleteHere are the Westchester numbers from the ABC Web site:
ReplyDeleteJOURNAL NEWS, WESTCHESTER CO. (WHITE PLAINS P.O.) SUN DLY 118,815
JOURNAL NEWS, WESTCHESTER CO. (WHITE PLAINS P.O.) AVG M (M-F) DLY 95,389
JOURNAL NEWS, WESTCHESTER CO. (WHITE PLAINS P.O.) SAT M DLY 104,485
If these numbers are to be believed. Daily circulation only down about 4 percent? Less than that on Sunday? These days that's considered a major victory, but if you look at the daily output it's hard to believe people are forking over more for decidedly less, which is what appears in the J-N every day.
Here's the link to all the numbers:
http://abcas3.accessabc.com/ecirc/newssearchus.asp
Notice that Poughkeepsie is listed as not filing? What up Po-Town?
I could not agree more with the assessment of Gannett by 11:38.
ReplyDeleteYes, Gannett poor quality dailies has left the door open for independent weeklies and smaller dailies to start up. I have heard this is especially true in Indiana and Ohio smaller papers, where peoplwe in those towns HATE and DESPISE the local papers.
However, the posters who talked about journalists "scraping by" at $30,000 a year.... hey, try the real world - try $18,000 to $20,000 a year. Yes, there are small communities dailies and weekly paying that low. Wake up folks, this isn't just New York, New Jersey and Conn. In many of our midwest markets, people are paid VERY LITTLE.
Wake up
The Palm Springs Metromix is hot....seriously would u rather read he minutes from a city council meeting or look at a Bikini pillow fight contest and FHM models....Be honest. There is a place for both in any media organization. AND it is possible to do balanced slideshows for females, gays and transgenders....you just need to work a little more.
ReplyDelete11:38 and 11:57 deserve " Team Post of the Year"
3:31pm...I love Republics Metromix. Where else could we get the Babes of Cinco de Mayo!
ReplyDeleteWow, you made Romenesko again. Someone is taking seriously your charges of a corporate disinformation campaign.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteDMR (Kudos) and DFP (Yes!) predictably in the mix on these awards, http://livawards.org/winners/
ReplyDeleteBut where o where are other Gannett newspapers in these.
IRE? (Again, the big boys do play) Pulitzers? (Again, I know DFP and a couple huge newspapers play).
Are we investing in journalism;)?
Awards don't win readers, but you'd think our newspapers would have a better showing in some of these things.
Oh.
Maybe they don't have the money to enter. Yes, I heard an editor say they only had enough money for the generally required state award competition.
Oh.
Awards don't help you keep your job? Why would I spend the money myself as suggested?
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ReplyDeleteAny movement on open positions?
ReplyDeleteAnyone hired?
Anyone report anyone being interviewed for jobs posted?
Let's hear how we are doing on filling jobs.
American Community Newspapers Inc.'s bankruptcy could cost Gannett Co. Inc. hundreds of thousands of dollars.
ReplyDeleteGannett's printing group, owed $273,000 was listed as ACN's largest unsecured creditor, according to the filing.
ACN filed for bankruptcy protection April 28, citing a weak advertising market, according to Gene Carr, ACN's chairman and chief executive officer.
The Dallas-based publisher prints more than 80 newspapers — primarily weeklies — in four markets: Dallas, northern Virginia, Minneapolis-St. Paul and Columbus, Ohio.
The firm said it had obtained $5 million in debtor-in-possession financing. The publisher listed assets in the range of $50 million to $100 million and debts of about $107 million.
Meantime, the family-owned Columbian Publishing Co. in Vancouver, Wash., filed for bankruptcy protection in order to address credit issues with the Bank of America. The company borrowed money from the bank to finance a new building in downtown Vancouver.
According to filings, CPC owes $17 million to BofA as well as other unsecured creditors.
CAN and CPC are sixth and seventh newspaper publishers to file for bankruptcy protection, following Tribune Co., Philadelphia Newspapers LLC, the (Minneapolis) Star-Tribune, Journal Register Co. and the Sun-Times Media Group.
Is there any way to tell who is selling Gannett stock the past week?
ReplyDelete7:54 So you believe that Jim not only has trolls, but his actually identify themselves. I challenge your corporate trolls to do the same.
ReplyDeleteIs there any way to tell who is selling Gannett stock the past week?
ReplyDelete5/04/2009 9:34 PM
---------
According to StockScouter
Pro
Previous day's closing price for GCI was significantly above its 50-day moving average. Very positive
The price-to-sales multiple is significantly lower than the average for all stocks in the StockScouter universe.
Positive/Neutral for a medium- to large-sized company like GCI
Con
The price-to-earnings multiple is a negative number. No effect
Shares are being heavily sold by financial institutions.
Neutral for a large company like GCI.
I recently filled the only remaining open position and am fully staffed.
ReplyDeleteAnonymous said...
ReplyDeleteOn the pension, the 96.6 percent level is what is required by the federal government and the IRS for pension plans. GCI is under that level and needs to find cash to plus up the plan to keep it solvent. It doesn't want to do that right now, because spare cash is scarce, so it is delaying payments until next year. If you are one of the chosen few entitled to a pension, this is something that should bother you because you will only get a reduced pension, even with Pension Benefit Guarantee Corp. rules.
5/04/2009 4:41 PM
Well since the company isn't in trouble there is nothing to worry about. So what's you point?
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ReplyDeleteThese trolls are getting to be a real nucence. You can't get to the good information without reading all of their misinformation and lack of information. This used to be easy to sort out but isn't anymore.
ReplyDeleteI'm hoping you're not being facetious, 5/05/2009 7:26 AM.
ReplyDeleteAs you may correctly assume, I'm one of the ones who doesn't want to see Gannett fail ... I worked until I was nearly 70 to maximize the pension, hoping for security in retirement. I would have to return to the workplace if my pension were reduced. The people in their 50s are saying they have had a hard time finding jobs. What would my prospects be?
Thanks for those who clarified this latest "letter from Gannett" for me.