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Local newspaper chain rescinds pay cuts
By adamg on Fri, 10/16/2009 - 2:34pm
Dan Kennedy posts a memo from GateHouse Media New England CEO Rick Daniels announcing the end of cuts put into place over the summer:
... We are in a position to restore the cuts because GHMNE is again generating sufficient cash flows to be clearly and safely in the black. ...
However, he cautioned the chain is not out of the woods yet because the economy continues to suck.
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