Last month, independent telco Embarq issued an earnings report that showed evidence of all the economic challenges wireline carriers current are facing, but also some proof that Embarq is doing reasonably well after being spun off from Sprint more than a year ago. Buried amid the earnings chatter was news that Embarq will stop paying Medicare-related subsidies for some of its retirees. It had to be a tough decision for Embarq and one that many companies in many industries may need to face as population of retirees increases and ages. But, the retirees themselves are understandably not too happy about being left out. The North Carolina New Bern Sun Journal carried the story.
