For Alden Global Capital, $160 million in profits is not enough. Management for Digital First Media, speaking for its corporate masters at the New York vulture fund, rejected a modified wage proposal Thursday by the unions that comprise the DFM Caucus during wage negotiations in Philadelphia.
Union representatives will press management to increase the pay of workers at Digital First Media newspapers nationwide when wage negotiations resume on October 11 in Philadelphia. The message will be simple: Our award-winning employees deserve their share of the massive profits that DFM is earning from their work. Most DFM employees only have received one raise in 10 years.
Jolie Brenes currently attends Diablo Valley College. She will pursue an Allied Health major, and plans to transfer to San Francisco State University. Her goal is to become an Ultrasound Technician.
Union leaders representing the Denver Call Center served notice on Purple/ZVRS management this week of our intention to move our ongoing talks for a new labor agreement to Denver. The company — recently found guilty of multiple violations of federal labor law — threatened to file even more time-consuming legal appeals to keep that from happening.
Top executives at the hedge fund that owns Digital First Media must have felt terrible that employees at the newspaper company weren’t getting any raises in 2017. So they did something about it. They gave themselves a raise.
On a motion by Guild First Vice President Gloria La Riva, the San Francisco Labor Council’s Committee on Political Education voted 58-21 to oppose San Francisco Proposition B, a measure on this November’s ballot that would, among other things, empower the Board of Supervisors to tamper with the city’s Sunshine Ordinance, the nation’s strongest local government transparency law, which the voters passed in 1999.
After 14 months of negotiations, the Chronicle and the Pacific Media Workers Guild on Wednesday reached tentative agreement on a four-year labor contract that offers an average annual merit-based pay raise of 2 percent and – for the first time – a 401(k) employer contribution and match of up to 2.5 percent of annual salary.
College reporters, who are paid for their work, dive into weighty subjects under the guidance of professional journalists and union officials.
Shopnotes Fun Fact! The exciting new Hearst employee online fitness plan is being rolled out at the same time that the company is seeking to take away employee sick-leave banks. If that makes your blood pressure go up, you could have gotten it checked for free on enrollment day in Jeff Johnson’s office
DFM management came to a bargaining session empty-handed, telling a national coalition of NewsGuild representatives that the company’s hedge fund ownership intends to keep employee pay frozen companywide to help maintain its profits. Alden Global Capital, principal owner of Digital First Media, has earned worldwide notoriety for its ruthless staff cuts and double-digit profit margins. The ongoing damage to newsrooms across the country has triggered protests from New York to Denver to the Bay Area.