IAPE and Dow Jones agree to four-year contract

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The Independent Association of Publishers’ Employees (IAPE), Local 1096 of The NewsGuild – Communications Workers of America, and Dow Jones have announced they have reached a tentative agreement on a new four-year collective bargaining agreement covering 1,400 employees across the United States and in Canada. The deal, tentatively agreed to by representatives of the union and the company, has been approved by IAPE’s board of directors, and will be presented to union members for a ratification vote later this month. Once approved, the agreement will run through June 30, 2027, and will end a year of bargaining between the two sides.

The tentative agreement (succeeding the prior agreement that expired on June 30, 2023, and was extended through March 31, 2024), provides a combined minimum 8.0% wage increase for the first two years of the contract effective July 1, 2024, as well as a lump sum payment calculated as 4.25% of pay or $4,250, whichever is larger, representing retroactive pay for the period from July 1, 2023 through June 30, 2024, for all eligible IAPE employees.

Additionally included is a lump sum Ratification Bonus equal to one percent (1%) of base pay (based on pay as of June 30, 2023), for eligible employees with a minimum payment of $1,000.00. The remaining wage increases are 3.75% effective July 1, 2025, and 3.75% effective July 1, 2026. The tentative agreement also provides for a 5.75% increase to the minimum scales effective July 1, 2024, including a new $72,800 minimum scale for reporters.

In addition to wages, the tentative agreement includes an extension of the company’s health insurance plan with a freeze of health insurance premium rates, deductibles, copayments and other plan terms for all IAPE-represented employees in the United States through 2024. Premium increases and plan design changes are capped through 2027 under the terms of the new agreement. Among other provisions, the agreement also provides for enhancements to mental health coverage and parental leave benefits, as well as one additional paid company holiday.

About Dow Jones:

Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

About IAPE:

The Independent Association of Publishers’ Employees represents 1,400 journalists, technology staff, sales professionals, and administrative, production and support staffers at The Wall Street Journal, Dow Jones Newswires, MarketWatch, Barron’s, Factiva and other DJ products.

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