Thursday, March 19, 2009

CDT In Critical Condition. Doctor Takes Extraordinary Actions

The Centre Daily Times has announced that it ain't doin' too well.
Citing unprecedented economic challenges posed by the recession, the Centre Daily Times announced Thursday a series of cost-cutting measures.

Those measures, said CDT President and Publisher Susan Leath, include a workforce reduction of three positions and wage reductions of 2.5 percent to 5 percent for all employees earning more than $25,000 a year.

“These are very difficult decisions,” Leath told the newspaper’s staff. “This is very difficult for all of us.”

Leah said the people being laid off have been notified and the company will do “everything we can to make their transition as smooth as possible.”

Other cost reductions are planned, including reducing the width of the newspages by one, and reducing the number of comic strips in the daily newspaper.

..not a big surprise to those who read this blog.

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