From the management:

We understand this will require a change of habits for many of you. To be blunt, the summer doldrums that we have warned of in the past have set in a bit earlier this year. This morning, as on many mornings,
Mike Allen and we both observed that the newsroom was largely empty at 6:30 [a.m]. It’s hard to win if you aren’t even in the game.
By no means do we expect people to work all the time. All of us have to balance work with other obligations. You should try to carve out personal time, if you need it, in the mid-afternoon hours when Web traffic naturally tends to slow a bit. But we certainly need to be back in the newsroom by the late afternoon hours in order to meet print deadlines and also to “Win the Evening in time for the network newscasts and cable political talk shows.

Lawyers hours without lawyer pay.
UPDATE: Apparently this is an April Fool’s prank. But given my observation of how these journalists work, it doesn’t seem too far off the mark.