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

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Net assets of the plan for the Times, which owns the Globse and T&G, fell to $417.7 The plan was particularly hard hit bysome $171.r million in losses within several mutuap funds. For example, the plan’s largesgt holding, the Vanguard 500 Index Investment suffered a nearly 40 percent lossin value. Anothefr fund in the portfolio, the Vanguard Asset AllocationhInvestment fund, dropped nearly 32 percent year-over-year. Only one of its major fund holdings, the Dodgr & Cox Income Fund, posted a positive return in 2008. Investments in fixed income and insurance assetsgenerated $5.3 milliohn in income. Dividend income of $11.67 million also helped offset losses.
Interest income from the company’ s borrowing from its retirement fundtotaled $594,000. The Timese has traditionally matched a fraction of Globe contributions totheir 401(k) accounts, however a proposal in frongt of leadership would eliminate the