I understand we should expect salary cuts and furloughs later in the year, on top of the job cuts. (I, for one, prefer furloughs to salary cuts.) What do you know about this?
I've heard that both are "on the table" where they were not a couple of months ago. Isn't a furlough also a salary cut?
I wouldn't be surprised by furloughs/salary cuts because I think our cash position is frightening. A drop in cash flow would presumably trigger a debt covenant, that could boost our interest rate cause big problems on the balance sheet.
I thought our debt position was better than other media companies? Better for sure than the other Belo? Or McClatchy?
Also, what's with the real estate reorg? Are they going to lease space in DMN building? Wouldn't it make sense to lease out space and make a little revenue? Or sell the building and move us to the Belo building?
I heard today that it's more likely we'll be seeing people from the Belo building filling space on the fourth floor that has been and is being vacated by lifestyles.
As always, anybody who knows better, please let me know.