Employees of the regional New York Times newspapers sold recently to Halifax Media, a company controlled by Warren Stephens the Little Rock financier, are not happy about a non-compete agreement they are being asked to sign by today. Romenesko reports:
One veteran journalist says in an email that this “incredible two-year non-compete contract that Halifax Media Holdings is forcing on the employees of what had been the New York Times’ Regional Newspapers …. clearly [is] a strategy to allow Halifax to fire a bunch of people who don’t sign ‘for cause’ so Halifax won’t have to pay severance.”
UPDATE: Halifax seems to be backing up from the non-competes, more from Romenesko.