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Times Cuts Salaries, Jobs; Post Offers More Buyouts

By Harry Kimball,  Newser Staff

Posted Mar 26, 2009 1:17 PM CDT

(Newser) – The economic crisis and outdated business models are forcing steep cuts at three venerable news organizations. The New York Times today announced a 5% pay cut for all employees, who were offered 10 extra days off as compensation, "in a spirit of shared sacrifice...   Read full story »

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