• Dallas Morning News, Friday, April 3, 2009 9:30 AM

A.H. Belo Corp., owner of The Dallas Morning News and other daily newspapers, will cut employee salaries next month by up to 15%. Robert W. Decherd, Belo's chairman and CEO, will take a 20% reduction in his base salary.

The salary reductions, which will begin in May 1, will save the company more than $10 million a year. In addition, Belo said it would suspend its 2009 pension supplement, which would normally be made in 2010, preserving about $6 million in cash next year.

Salary reductions will be made on a sliding scale, ranging from 15% for top earners, to 2.5% for those with salaries between $25,000 and $75,000. Belo also owns The Providence Journal in Rhode Island; The Press-Enterprise of Riverside, Calif.; and the Denton Record-Chronicle.

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