All Beacon Journal employees have been invited to a meeting to learn about a bid being submitted by Yucaipa Companies to buy the Beacon Journal and 11 other newspapers being let go by McClatchy. We'll also learn about Yucaipa's intention to begin an ESOP plan (Employee Stock Ownership Plan) at the papers, and how that would work. Yucaipa's proposal is backed by The Newspaper Guild, which sought the private investor out after learning Knight Ridder was offering itself up for sale.
The meetings are Monday, March 27 at 6 p.m., and Tuesday, March 28 at noon at the Akron-Summit County Public Library, 60 S. High St. in downtown Akron.
Retirees are welcome to attend.
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