More Scripps news

[Moderator1]

The Pipeline just delivered some news that Scripps papers are getting right now or about to get:

*Five percent pay cut for salaried employees
*Three percent cut for hourly
*Freezing pensions
*Eliminating 401K match
*Discontinuing tuition reimbursement

No further job cuts - yet.

Lord.

 

[Fredrick]

That's why I thought furloughs were/are stupid. Why didn't Gannett just cut everybody's salary 5 percent like this?
This way they still **** over the employee and get the work out of the employee.
At least with a furlough you get some time off; this is worse of course, but I figure management would be more forceful in doing something like simple 5 percent pay cuts instead of furloughs.

 

[MileHigh]

Might be announced tomorrow when Scripps has its quarterly earnings conference call.

 

[MileHigh]

An e-mail, I believe, has already gone out. What was mentioned in the original post is very accurate.

 

[MileHigh]

No furloughs. Pay cuts and other things.

 

[Moderator1]

An e-mail, I believe, has already gone out. What was mentioned in the original post is very accurate.

An e-mail, I believe, has already gone out. What was mentioned in the original post is very accurate.

A guy I know confirmed Moddy's post, but said he was told furloughs would not be announced very soon - at least not at his paper.

I don't mean to be flip in tough times, honest. I really don't.
But I'm hurt.

Very accurate? Confirmed the post?
This IS The Pipeline we're talking about here.
Yeesh.

If I was that accurate when I was a reporter, I'd still be a reporter.

 

[MileHigh]

http://www.rockymountainnews.com/news/2009/feb/18/ew-scripps-announces-across--board-pay-cuts/

 

[MileHigh]

http://poynter.org/forum/view_post.asp?id=13825

 

[jps]

ugh. five and three percent is pretty major ... these are folks getting maybe 1.5 percent annual raises in some places. have lots of friends in the company and it's sad to see. that said, my shop just lost one more to layoffs yesterday, so there really isn't a good option here.

 

[MileHigh]

In early December, Scripps honchos said when they put the Rocky Mountain News on the market that every one of its properties was turning a profit, except in Denver.

 

[deskslave]

I'm hearing murmurs that there were layoffs at the Rocky, possibly including the managing editor.

 

[MileHigh]

It was the Post. Yes, including the ME, Gary Clark.

http://blogs.westword.com/latestword/2009/02/six_major_layoffs_at_the_denve.php

 

[deskslave]

Ah. My bad. I wasn't sure what I was hearing in the chattering behind me.

 

[Bump_Wills]

A buddy of mine at a Scripps paper gave his bosses a proposal last week that he go to a 32-hour week. He has some other oars in the water and would prefer to have the extra time to dedicate to them.

Their answer, of course, was no, because at this point they can't put out the paper with him gone one day a week. They'll be happy to take 3 percent and keep his five days. More valuable than taking 20 percent and losing a day of services.

What a business.

 

[Baron Scicluna]

That's why I thought furloughs were/are stupid. Why didn't Gannett just cut everybody's salary 5 percent like this?
This way they still **** over the employee and get the work out of the employee.
At least with a furlough you get some time off; this is worse of course, but I figure management would be more forceful in doing something like simple 5 percent pay cuts instead of furloughs.

Don't give them any more ideas.

 

[MileHigh]

No surprise. Scripps earnings down. Fate of Rocky by the end of the first quarter.

http://www.rockymountainnews.com/news/2009/feb/19/scripps-earnings-down-rocky-announcement-expected-/

 

[Writer33]

Evansville Courier & Press. At least they didn't cut jobs in this go around.

http://www.courierpress.com/news/2009/feb/18/18web-CourierCuts/