McClatchy stiffs retired executives on a scheduled pension payment
Further Woes at McClatchy:
According to Rick Edmonds of Poynter, McClatchy froze an "unqualified" pension payment to retired executives scheduled for the beginning of the year. Treasurer Elaine Lintecum told Edmonds that the cancellation of the payment "was not taken lightly" but "would be viewed negatively by the federal insurer as terms of [a] possible takeover are being negotiated." Lintecum added that a bankruptcy filing is not imminent.