New York Times: 5,200 Ex-Employees Can Choose Lump Sum to Opt Out of Pension Plan 35 weeks ago
For the record: A previous version of this story said employees would have to choose between receiving lower pension payments or a lump sum...
By Tim Molloy
The reference site was purchased by the Times Company in 2005 for $410 million
Barry Diller's IAC may be trying to buy the content site from the New York Times Company
New York Times Company plans to sell its content mill site About.com to Answers.com
Advertising revenues continue to fall at the New York Times, but digital subscribers continue to buy into the paywall
Lower costs and increases in subscriptions buoyed the company
Executive Editor Jill Abramson said there would be no layoffs
Ten new employees will be hired as part of the restructuring with outgoing workers given "first priority"
All makers of loud, stupid action movies only wish their films delivered as much sheer sensation as this latest installment in the vroom-vroom saga