Memphis Flyer Cuts Salaries

february 6, 2009  09:58 am
Editor Bruce VanWyngarden reports that employees at Flyer parent company Contemporary Media, Inc. are taking four or eight percent pay cuts, and that the company is suspending its 401(k) matching program. "The cuts are intended to be temporary and will be reevaluated at the end of the second quarter," VanWyngarden writes.