Moments ago Gannett Co., Inc, - (The Daily Times parent Co.) - announced pay cuts for all CEO's. One executive editor of the Arizonia Republic publication announced he is voluntarily cutting his pay by 17%.
This news comes on the edge of their stock value's continuing decline today. It presently is hovering just above its all-time record low and is presently trading at $10.53/share.
http://www.bizjournals.com/phoenix/stories/2008/11/03/daily48.html
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
Oh that's too bad....
The Daily Times is going down.
I've seen this coming for a long time now.
They are definately in bad shape. I wouldn't be surprised if they announced closure any day now.
Least WAL-MARTS up Joe. huh
Hey, if they shut down, all the folks who pay for a subscription will have a few extra $$ in their pocket! Daily Slime would become everyone's hero.
I would bet that yesterday was a big day for the rag due to the headlines and a historic event. They are now back to dead in the water. Just knowing Shanie works there shows that they don't pay squat and that's the results. I pity her co-workers, I bet they have to pick up her slack. Watch the paper do articles about Shanie running for office, however not equal coverage of her opponent.
Joe - Please do a little undercover work onthe Daily Slime. Are there cuts yet in the newsroom? Who? Let us know!
Post a Comment