Dow Jones, IAPE make progress on new contract

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New York--Dow Jones & Co. announced Friday that it has reached a tentative agreement on a new contract with the Independent Association of Publishers' Employees (IAPE), which conducted a byline strike last month. The IAPE's board of directors endorsed the agreement, which will now be sent for ratification by the union’s membership. The new contract will run through Jan. 31, 2007. The tentative agreement provides for general wage increases of 2.5%, 3.25% and 3.5% effective Feb. 1, 2004, 2005 and 2006, respectively. The tentative agreement also includes various health care benefit changes, including, for the first time, employee-paid premiums, which was a major issue in the negotiations.
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