Media News drops 401k contributions

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Kevin Roderick • December 29 2008 10:47 AM

Breeze memo Staffers 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

Economy | Media future | Newspapers

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