Times-Shamrock Managers Take Pay Cut

march 5, 2009  11:05 am
The families that own and operate the Scranton-based company have taken a 10 percent haircut, and other managers in the chain will see their salaries decline by 3 to 5 percent. Co-publisher and CEO Scott Lynett tells AP that the deteriorating economy forced the company to make cuts, which also include employee buyouts at four of its papers in Pennsylvania. Times-Shamrock owns five AAN papers: Baltimore City Paper, Detroit's Metro Times, Orlando Weekly, San Antonio Current and Cleveland's Scene.