Oct 24, 2008

Salary freeze

AH Belo Corp announced today a company-wide salary freeze effective Nov. 1. Belo owns the Press-Enterprise in Riverside, the Dallas Morning News and the Providence Journal in Rhode Island.

In addition to salary freezes, Belo has begun laying off employees as part of a plan to cut the workforce by 13% - Belo initially offered buyouts in hopes of reaching the goal. Pink slips have already hit the PE and employees at the ProJo and DMN expect them to drop as early as today.

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