Media News drops 401k contributions

Breeze memoStaffers at the Daily Breeze came in to find the writing on the wall — OK, technically, the memo on the men's room door. The memo from Media News Group is dated Christmas Eve, telling employees that times are tough and the company will no longer make or match contributions to their 401-k plans. "I am hopeful we can resume the Company contributions in 2010," writes VP Charles M. Kamen. See the text

More by Kevin Roderick:
Standing up to Harvey Weinstein
The Media
LA Times gets a top editor with nothing but questions
LA Observed Notes: Harvey Weinstein stripped bare
LA Observed Notes: Photos of the homeless, photos that found homes
Recent Newspapers stories on LA Observed:
Read the LA Times response to Los Angeles Magazine's piece
NYT thins more in Los Angeles, and the LAT hires locally
Oops: 6-year-old Betty Broderick story runs in LA Times*
More details on mixed use plan for LA Times buildings
Tribune doubles down on the whole Tronc thing
Tribune Publishing sending its IT jobs to India
Tribune Publishing slides toward parody
Sadly for LAT, this might be worst Tribune yet


LA Observed on Twitter