More newspaper woes | Arkansas Blog

Thursday, February 5, 2009

More newspaper woes

Posted By on Thu, Feb 5, 2009 at 4:19 PM

An employee of a Stephens Media newspaper tells me that the company has notified employees that it is "temporarily" suspending company contributions to their 401K retirement plans. In a show of solidarity, Sherm Frederick, Las Vegas-based chief executive of the media group owned by Little Rock's Stephens family, has told employees he'll forego a pay raise this year.

Whoops. Now I see Arkansas Business has a copy of the memo. I'd been hoping to hear back from Frederick.

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