Peter Kafka

Recent Posts by Peter Kafka

New York Times Freezes Pension Plan for Management

The only news here is that it took this long: The New York Times (NYT), which is trying to figure out how to boost revenue and cut costs, is freezing pension and benefit plans for its managers, but not its unionized workers, at the end of this year. Earlier this year, the Times announced that it would cut 100 positions at its flagship newspaper, which would still leave it with a newsroom staff of more than 1,000 people.

(Thanks to a sharp-eyed reader–who has good reason to be sharp-eyed about this stuff–for noting that the freeze only affects management and not the rank and file.)


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work