Printer Friendly


*DJ, union, reach pact: Three weeks after a byline strike and more than a year after negotiations started at its Wall Street Journal, the paper's parent said last Friday that it had reached a tentative agreement with the union that represents 1600 of its editorial workers. The agreement provides for no pay increase for 2003, a 2.5-percent wage increase retroactive to Feb. 1, 2004 and increases of 3.25 percent and 3.5 percent on Feb. 1, 2005 and Feb. 1, 2006, respectively. Workers will also receive lump-sum payments of $750 this year and $250 next year.

*Lord Black sues to stop sale: Hollinger Inc. of Toronto filed suit in Delaware last week seeking to require that shareholders of Hollinger International Inc. get an opportunity to vote on whether to accept a $1.34 billion offer for the company's Telegraph Group of London. Lord Conrad Black controls Hollinger Inc., which has 18.2 percent of the equity and 68 percent of the voting power in Hollinger International, but the board of Hollinger International asked Lord Black to resign as an executive and director when a committee found unauthorized payments of $32 million had been made to Lord Black and others. The company contends it does not need shareholder approval to consummate the sale of the Telegraph Group.

*North Jersey buys new press: The parent company of The Record of Bergen, N.J., said last week that it had reached an agreement in principle with WIFAG, the Swiss printing press manufacturer, to buy an Evolution 371 press. The North Jersey Media Group said that the new press would be used at its commercial printing plant in Rockaway and that it expects it to be operational in the summer 2006. The press will be the first in the country to offer the ability to use digital technology to directly image printing plates that are on the cylinder, a process known as computer-to-press.
COPYRIGHT 2004 The Cole Group
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Wall Street Journal reaches tentative agreement with its union members; Hollinger Inc.,files suit on shareholders right to vote; The Record of Bergen.,on contract with Swiss manufacturimg company
Comment:BRIEFS.(Wall Street Journal reaches tentative agreement with its union members)(Hollinger Inc.,files suit on shareholders right to vote)(The Record of Bergen.,on contract with Swiss manufacturimg company)
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 5, 2004
Next Article:PERSONS.

Related Articles
Guild secretary files complaint against leaders: guild president charged with hijacking talks.
Lord Black and Duke Dick: directors are not, nor should they think of themselves as, ducal appointees.
Unionized workers strike deal with LTD.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters