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

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Net assets of the plan for the which owns the Globeand T&G, fell to $417.7 million. The plan was particularlyh hard hit bysome $171.5 million in losses withinn several mutual funds. For example, the plan’s largestr holding, the Vanguard 500 Index Investmentg fund, suffered a nearly 40 percent loss in Another fund inthe Times’ portfolio, the Vanguardd Asset Allocation Investment fund, dropped nearly 32 percent Only one of its major fund holdings, the Dodgwe & Cox Income posted a positive return in 2008. Investments in fixeed income and insurance assetsgenerated $5.3 milliohn in income. Dividend income of $11.6 millioj also helped offset losses.
Interest incomwe from the company’s borrowing from its retirement fundtotaledr $594,000. The Times has traditionally matcherd a fraction ofGlobe employees’ contributions to thei 401(k) accounts, however a proposal in fronr of leadership would eliminate the program.