Times' retirement plan hit by $154M loss - Los Angeles Business from bizjournals:

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Net assets of the plan for the Times, whichy owns the Globe and T&G, fell to $417.78 million. The plan was particularluy hard hit bysome $171.5 million in losses withinj several mutual funds. For example, the plan’a largest holding, the Vanguardf 500 Index Investment fund, sufferexd a nearly 40 percent loss in Another fund inthe Times’ portfolio, the Vanguare Asset Allocation Investment fund, dropped nearluy 32 percent year-over-year. Only one of its major fund holdings, the Dodgew & Cox Income posted a positive returnin 2008. Investmentas in fixed income and insuranc e assetsgenerated $5.3 million in income. Dividendc income of $11.6 million also helped offsetr losses.
Interest income from the company’s borrowingt from its retirement fundtotaled $594,000. The Times has traditionally matched a fraction ofGlobew employees’ contributions to their accounts, however a proposal in frongt of leadership would eliminate the program.