Tribune Freezes Employee Salaries
February 19, 2009 at 5:06 AM (PT)
TRIBUNE CO. has ordered a salary freeze for all non-union employees, reports CRAIN'S CHICAGO BUSINESS. A memo to employees from Chief Administration Officer GERRY SPECTOR cited by CRAIN'S told employees, "Compensation is our largest expense and a salary freeze enables us to share the sacrifice. Hopefully, freezing salaries now will allow us to avert more drastic action in the future."
The company owns Talk WGN-A/CHICAGO.