Job cuts ensue as print media ads slide

Archived in the category: layoffs
Posted by admin on 28 Oct 08 - 0 Comments

Several print media businesses announced record losses in response to decreasing ad dollars. The heavyweight A.H. Belo Corp., which last week announced a companywide wage freeze, a suspension of dividend payments, and a new loan agreement that involve steeper interest payments. No matter how stable they were at the year began, all print media companies now face immense pressure from the ailing economy, testing their ability to succeed with minimal loss of jobs.

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