Shocker: NYT Co. Cutting Salaries for All 5%

Also 100 layoffs.  From memo to all from Sulzberger and Robinson: "The salaries of all employees at The New York Times Media Group (with the exception of the IHT, which is working on other cost reduction measures), The Boston Globe, Boston.com and Corporate in New York will be rolled back by 5%, starting this April, and these employees will receive 10 additional days off to use before the end of the year."