Philly Papers, Guild Reach 2-Year Agreement

The Newspaper Guild of Greater Philadelphia,

The Newspaper Guild of Greater Philadelphia and Interstate General Media, owners of The Philadelphia Inquirer and the Philadelphia Daily News, on Thursday reached a tentative agreement for a two-year contract. Under the agreement, IGM will be contractually obligated to print both papers as daily papers. Newsroom employees will get a 2.5% pay cut for 2013 and there will be no layoffs in the first year of the contract. A ratification vote will likely occur next week, the guild said.

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