Friday, August 15, 2008
McClatchy freezes employee pay for a year
McClatchy has frozen employee pay for a year and sold off its Real Cities Network in order to conserve cash amid an advertising downturn, the McClatchy-owned Sacramento Bee is reporting this morning. Real Cities, which McClatchy got when it acquired Knight Ridder in 2006, sells Internet advertising.
Posted by San Francisco Peninsula Press Club at 12:01 AM