This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Worse than company bankruptcy for old media employees:
“There’s no labor market for struggling/out-of-work media types with 19th Century job skills.”
Seriously, great blog but do you really have to give us play by play during the Oregon vs Oregon State game???
Please STOP the spam!!!!!
8:36 what a game.
dunno if it's related to the pension fund losses, but McC is making more cuts at several papers (TBD in the next 1-2weeks) after quarter revenues were "less than expected" even though they are still making money...
Get a clue. Pension losses have no relationship to current layoffs. The company is not obligated at this time to make any pension contribution.
Additionally and despite what many believe, the pension is not something McCratchity can screw with. It is protected by the PBGC, meaning regardless of company's condition (bankrupty, etc.), pensions will be paid (albeit at a lower level for high wage earners).
Everyone getting or waiting for a pension check ought to do themselves a favor. Read everything you get related to your pension, visit the PBGC web site and quickly learn what a defined benefit is all about.
Knowledge is key here, not BS posts on blogs. Don't be lazy do some research on your own.
"Pension losses have no relationship to current layoffs."
WRONG ! MNI has to contribute to the fund and that money has to come from somewhere. It ain't coming from Pruitts paycheck.
A reminder to all. The MNI pension side (before the purchase) is underfunded.
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