A.H. Belo follows pay-cut trend

A.H. Belo Corporation will become the latest newspaper owner to institute pay cuts to try to trim costs, according to an article on The Dallas Morning News' website.
The company, owner of The News, will cut employee salaries on a scale ranging from 2.5 percent for employees making between $25,000 and $80,000 to 15 percent for those earning over $225,000.

The latest initiatives come amid other cost-cutting efforts, including employee layoffs, as the Dallas-based newspaper company faces “one of the most trying advertising environments our industry has ever encountered,” said Robert W. Decherd, A. H. Belo’s chairman, president and chief executive.
Decherd will take a 20 percent base salary reduction.

The company also announced it would not contribute its 2009 pension supplement, a move that will save $6 million even though it would not happen until 2010.

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