The bleeding continues among local media as the Freedom Communications-owned Burlington Times-News announced this past weekend that it is requiring its employees to take unpaid time off.Times-News:
Freedom Communications Inc., the parent company of the Times-News, on Friday announced a companywide furlough program to cut costs.Editor Madison Taylor blogs about it here.Citing continuing weakness in advertising revenue, Freedom announced that employees at all levels will take five days off work without pay between April 1 and June 30.
"Although painful, this program will help us to weather the economic storm that every business today is facing while helping to preserve the greatest number of local jobs here at the Times-News," said Paul Mauney, publisher.
Freedom employees and supervisors will work together to schedule furloughs in a way that minimizes the impact on consumers and operations, said Scott Flanders, Freedom's CEO.
E.C. :)
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