Pay Cuts at New York Times

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It sure is bad times at the Times. Staffers received the following depressing memo from Arthur Sulzberger Jr. and CEO Janey Robinson today: "The salaries of all employees at The New York Times Media Group (with the exception of the IHT, which is working on other cost reduction measures), The Boston Globe, Boston.com and Corporate in New York will be rolled back by 5%, starting this April, and these employees will receive 10 additional days off to use before the end of the year.. Next year, we plan to return salaries to their current levels. Of course, such a decision depends on the state of our business." [Silicon Alley Insider]