Saturday, June 25, 2011

Media General institutes furloughs ...

Read it all at MediaDailyNews:

2011 is shaping up to be another crappy year for newspapers, with more reports of financial woes, layoffs -- and now another round of unpaid furloughs. Media General, publisher of 21 daily newspapers including The Tampa Tribune and Richmond-Times Dispatch, announced that it will require employees to take 15 days of unpaid leave in the second half of 2011.

CEO Marshall Morton acknowledged that the move "will cause financial disruption for employees and scheduling challenges for our operations."