Bremerton
E.W. Scripps Co., which owns the Kitsap Sun and 13 other daily newspapers, announced Wednesday a companywide salary reduction.
In a statement sent to employees, Scripps President and CEO Rich Boehne cited a tough economy and a need to control costs throughout the newspaper chain.
“Maintaining financial health and flexibility must be a top priority in this environment,” Boehne said. “The economy is throwing new and bigger challenges at us each day and we intend to have the strength to weather the storm.”
The reduction in pay takes effect March 9, according to Sun President and Publisher Mike Levi. The company will also suspend its 401(k) matching program for employees, and freeze contributions to its pension plan.
In his message, Boehne cited the company’s core mission of journalism in looking to the coming months and years.
“There’s reason to trust that our current sacrifices can result in future dividends for all us who help create the next successful chapter of the news industry and The E.W. Scripps Company.”
