NYT on Skids, Too

More pain for the Gray Lady:

Facing a steep drop in revenue, The New York Times Company plans to cut the pay of most employees by 5 percent for nine months, in return for 10 days' leave, and will lay off 100 people and make other budget cuts, executives said on Thursday.



Copyright © Time Inc. All rights reserved.

Subscribe | Customer Service | Help | Site Map | Search | Contact Us | Privacy Policy
Terms of Use | Reprints & Permissions |
Press Releases | Media Kit Try AOL for 1000 Hours FREE!