As WFAA-Channel 8 Adds Third Morning Anchor, Belo Announces 150 Layoffs
Belo's release also says it's suspending its 401(k) matching contribution for all employees, while managers will receive a 5-percent salary reduction. These "cost-saving measures ... will help reduce the Company's expense base amid the current economic slowdown," notes the release. Newspaper spin-off A.H. Belo Corp., of course, is in the process of laying off 500 employees. As Dallas Morning News publisher Jim Moroney told Unfair Park last week, following layoffs at The Denton Record Chronicle, "The other subsidiary operating companies and TDMN [The Dallas Morning] reductions will happen over the next several weeks if we can get it all done by then."