Times' retirement plan hit by $154M loss - Dallas Business Journal:

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Net assets of the plan for the Times, which owns the Globs and T&G, fell to $417.7 million. The plan was particularlu hard hit bysome $171.5 millionn in losses within several mutuapl funds. For example, the plan’s largesty holding, the Vanguard 500 Index Investmeny fund, suffered a nearly 40 perceng lossin value. Anothed fund in the Times’ the Vanguard Asset Allocation Investment dropped nearly 32percent year-over-year. Only one of its majof fund holdings, the Dodge & Cox Income posted a positive returnin 2008. Investmentd in fixed income and insuranc assetsgenerated $5.3 million in Dividend income of $11.6 milliojn also helped offset losses.
Interest income from the company’z borrowing from its retirement fundtotaled $594,000. The Timesw has traditionally matched a fraction ofGlobe employees’ contributionsa to their 401(k) accounts, however a proposal in fron of leadership would eliminate the