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Back when this was all going down 1 1/2 years ago, I emailed every business reporter I could and pointed this out. To my knowledge, only Theo Francis of the WSJ wrote very much about it. I even talked with one of the biz reporters at the LAT, but all he ever said was that he was “concerned” about it.

Watch for a slew of stories in the next few days about how the employees were screwed out of their retirement.

Finally, a couple of months ago, several retirees filed suit.

http://www.laobserved.com/archive/2008/09/extimes_reporters_sue_zel.php
Ex-Times reporters sue Zell

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http://www.philebrity.com/2008/12/08/breaking-brian-tierneys-message-of-christmas-cheer-see-ya-wouldnt-wanna-be-ya/

MORE LAYOFFS PLANNED

The company informed Guild leadership this afternoon that it intends to eliminate 35 bargaining-unit jobs at the Inquirer and Daily News effective Dec. 31.