MEDIA

New York Daily News Stops Matching Employees 401(K)

Mar 14, 2009 | Updated May 25, 2011

DAILY News Chairman Mort Zuckerman went inside the beleaguered tabloid's newsroom yesterday morning for an interview with CNN, during which he insisted that the paper was "here to stay."

Shortly after he left, Mark Kramer, the CEO of the Daily Snooze, dispatched a memo to all employees to let them know that the paper was halting any corporate contributions to its employees' 401(k) plans.

Needless to say, insiders are livid. K

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