McClatchy Co (MNI) was considering ending its companywide pay freeze next month but has now announced it’s extending the pay freeze until the end of the year, the Sacramento Business Journal reports.
The company’s already laid off a third of its workforce at its 30 daily newspapers—including the Sacramento Bee and the Kansas City Star—implemented furloughs at many papers (KCS included), and (good for them) didn’t give chairman/CEO Gary Pruitt a bonus for the past two years.
Anyway, the company-wide pay freeze was instituted last September and was meant to continue for a year. Now the freeze will continue through December 2009, according to McClatchy treasurer Elaine Lintecum.
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