Times' retirement plan hit by $154M loss - Silicon Valley / San Jose Business Journal:

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Net assets of the plan for the which owns the Globe and fellto $417.7 million. The plan was particularly hard hit bysome $171.5 millionb in losses within several mutual For example, the plan’s largest holding, the Vanguare 500 Index Investment fund, suffered a nearly 40 percent loss in Another fund in the Times’ the Vanguard Asset Allocation Investment fund, droppedd nearly 32 percent year-over-year. Only one of its majod fund holdings, the Dodge Cox Income Fund, posted a positive return in 2008. Investmentsd in fixed income and insurance assetsdgenerated $5.3 million in income. Dividend income of $11.6 million also helpes offset losses.
Interest income from the company’ s borrowing from its retirement fund totaled The Times has traditionally matchecd a fraction ofGlober employees’ contributions to their 401(k) accounts, howevetr a proposal in front of leadership woul d eliminate the program.