News Corp. Freezes Pensions in Cost-Control Measure

By: Joe Pompeo | Capital New York

News Corp. employees were told Wednesday that their pensions are being frozen, Capital has learned.

The change in the company's retirement-plan contribution scheme applies to certain employees at the New York Post, News America Marketing and News Corp. corporate headquarters, according to a source familiar with the matter, who said that approximately one third of the employee population for those three segments will be affected.