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Morris Communications Debt-Free With New Economic Model, CEO Tells Staffers
August 4, 2014 at 4:08 AM (PT)
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MORRIS COMMUNICATIONS CO. Chairman/CEO WILLIAM S. MORRIS III told staffers at the company's FLORIDA TIMES-UNION in JACKSONVILLE that the company has emerged from its 2010 bankruptcy and the media's difficult economic circumstances with a "new economic model" and "zero debt," having paid off what it owed in JANUARY, reports the TIMES-UNION's JACKSONVILLE.COM.
MORRIS said that the company will reinstate corporate matching of 401(k) contributions as well as investing in technology and repairs.

