Thursday, June 12, 2008

News round-up: Today's pension freeze coverage

Stories and other links across the Web:
  • The Wall Street Journal (paid subscription usually required): Gannett, facing a "difficult business environment," said it would freeze its employee pension plan on Aug. 1, the company announced in a memo Wednesday.
  • The Associated Press: The nation's largest newspaper publisher on Wednesday told employees that it is freezing the company pension plan, effective Aug. 1, and replacing it with an enhanced 401(k) program.
  • Reuters: Gannett will freeze its employee pension plan and enhance its 401(k) retirement plan as the USA Today publisher tries to save money in a rough business environment.
  • Editor & Publisher: Gannett this afternoon announced it is freezing the pensions of company employees, according to a memo on the plan sent today from Gannett CEO Craig Dubow.
I apologize for the long delay in adding my own post yesterday: I'm six hours ahead of the East Coast here on Ibiza, so I was playing catch-up after a late-night cafe stroll.

Today, I'll likely be offline starting about 8 a.m. ET until about 4 p.m. ET. During that time, I'll break with policy and let you guys publish comments directly to the blog. In that regard, please consider my recent tips on how to get your comments published.

Related: FAQs About Me: Is there a psycho ward on Ibiza?

Got a link to other stories or documents I should add? Post a note in the comments section, below. To e-mail confidentially, use this link from a non-work computer; see Tipsters Anonymous Policy in the green sidebar, upper right.

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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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