Page "Encyclopædia Britannica" Paragraph 72

Under Safra's ownership, the company has experienced financial difficulties, and has responded by reducing the price of its products and implementing drastic cost cuts.

According to a 2003 report in the New York Post, the Britannica management has eliminated employee 401 ( k ) accounts and encouraged the use of free images.

These changes have had negative impacts, as freelance contributors have waited up to six months for checks and the Britannica staff have gone years without pay rises.