By: E&P Staff
The alternative weekly Boston Phoenix has implemented a number of cutbacks, including the layoffs of two editorial employees and four other workers, a halt to the recently introduced matching contributions to 401(k) retirement plans, and salary reductions.
According to a memo from Phoenix Media/Communication Group Chairman, CEO and Publisher Stephen Mindich, the salary cuts range from 2% to 50%, with those earning the most taking the biggest reductions.
Mindich said “the economic climate in which we’re operating has finally caught up with us.”
“A significant difference between us and so many other media companies, and which is indicative of our potentially healthy future, is that we are not taking these steps because we have an audience issue or a circulation issue problem,” he wrote. “What we do have, however, is an overall cost structure issue brought on and exacerbated by our national recession — and that is what we are rectifying through these actions.”
Among the editorial employee who have left is Senior Managing Editor Clif Garboden, who had worked in one way or another for the alternative paper since 1970. Garboden is a former president of the Association of Alternative Newspapers, which first reported his departure Tuesday.