Throwing off the chains in Peoria. (employee buyout of the Peoria, Illinois Journal Star) (Column): An article from: American Journalism Review

This digital document is an article from American Journalism Review, published by University of Maryland on March 1, 1993. The length of the article is 887 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Peoria, IL Journal Star is an example of an employee ownership success story. The employee stock ownership plan (ESOP) at the Journal Star has purchased 85% of the paper's stock and will own the rest within 5 years. The ESOP is taking advantage of legislation that encourages this kind of buyout. The paper has also been remarkably successful with a 19.9% profit margin and 85,000 in circulation. Employees attribute this partially to the stake each has in the companies' success.

Citation Details
Title: Throwing off the chains in Peoria. (employee buyout of the Peoria, Illinois Journal Star) (Column)
Author: John Morton
Publication:American Journalism Review (Refereed)
Date: March 1, 1993
Publisher: University of Maryland
Volume: v15 Issue: n2 Page: p52(1)

Article Type: Column

Distributed by Thomson Gale