New York Times' Pension Deficit of $625 Million Adds to Publisher's Woes

New York Post reports:

Just when it started to look as if The New York Times Co. had found a way to dig itself out from under its massive debt load, the beleaguered newspaper company may be on the verge of getting knocked down again.

The cash-strapped publisher last week reported that its pension plan was facing a $625 million shortfall at the end of 2008, compared with a deficit of $48 million a year earlier.

No word yet when the Times will ask for TARP money.