Union Calls on Investors to Question Pulitzer on Labor Dispute

Union Calls on Investors to Question Pulitzer on Labor Dispute 


WASHINGTON, Dec. 8  /PRNewswire/ -- In a letter to institutional investors,
President Linda Foley of The Newspaper Guild-CWA, alerted analysts to the
stalled contract negotiations and unsettled labor conditions at the flagship
newspaper of Pulitzer, Inc.,  and urged them to question Pulitzer management
about the impact these conditions may have on investment in the company.

Workers at the St. Louis Post-Dispatch voted overwhelmingly, by a 96 percent
margin, on Dec. 7 to authorize a strike and other economic actions at the
newspaper if a fair settlement is not reached.  TNG-CWA represents about 600
workers at the newspaper.

Management's refusal to engage in meaningful negotiations with TNG-CWA, the
union representing employees at the St. Louis Post-Dispatch, "is ill-timed and
may ultimately undermine the longterm viability of Pulitzer's largest and most
profitable operation," Foley wrote.

"I encourage you to ask your analyst to question management about the impact
this dispute may have on your investment" during the analyst call scheduled for
9 a.m. on Tuesday, Dec. 9, she said.  Foley noted that Pulitzer management
announced today that the company was likely to fall short of analysts' earnings
expectations for 2004.  "A labor dispute may further reduce the company's
earnings potential for 2004," she wrote. 

DATASOURCE: Communications Workers of America



CONTACT:  Jeff Miller or Candice Johnson of the Communications Workers of

America, [phone]



Web site:  http://www.cwa-union.org/

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