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NYT threatens to shut Globe

Source: News 24

Boston : MA : USA | 8 months ago

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The New York Times Co has threatened to shut The Boston Globe unless the newspaper's unions quickly agree to $20m in concessions, the Globe reported on Friday, quoting union leaders. The union officials said executives from the Globe and the Times, which owns the Boston newspaper, made the demands...

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Insiders say Globe threat a warning to newspapers

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Times Co. threatens to shut Globe; seeks $20m in cuts from unions

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The New York Times Co. has threatened to shut The Boston Globe unless the newspaper's unions swiftly agree to $20 million in concessions, union leaders said yesterday. Executives from the Times Co. and Globe made the demands Thursday morning in an...
New York Times Co. threatens to close Boston Globe, wants big cuts

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The Boston Globe, one of the most respected newspapers in the U.S., could be shut down if its employees don't make major contract concessions, according to union leaders. A report by the Globe published Saturday says executives with the New York...
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It has taken steps to raise cash in the past few months, selling most of its New York headquarters building, while leasing back the office space. It has received a $250 million loan from Mexican billionaire Carlos Slim at a 14% interest rate and has...
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News Source: Gawker | 8 months ago

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