Last fall, Tampa Bay Times employees were informed that they would need to take a 5 percent pay cut until (at least) this January.
On Tuesday, those same employees learned that the salary reduction will continue at least into May. But unlike last September, the reaction among staff members has not been as visceral, according to employees who spoke with CL. That may be due in part to the fact that Times CEO Paul Tash warned last fall that the pay cut could last longer than January.
In his memo to employees on Tuesday, Tash sent a somewhat contradictory message, asserting that the paper has made "strong financial progress" since those pay cuts went into effect and that the reductions have "clearly worked."
But he also writes that as 2011 ended, signals about revenue were "mixed."