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Thread: Times co. threatens to shut down Globe

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    Times co. threatens to shut down Globe

    Times co. threatens to shut down Globe - Daily Business Update - The Boston Globe

    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.

    Executives from the Times Co. and Globe made the demands Thursday morning in an approximately 90- minute meeting with leaders of the newspaper's 13 unions, union officials said. The possible concessions include pay cuts, the end of pension contributions by the company and the elimination of lifetime job guarantees now enjoyed by some veteran employees, said Daniel Totten, president of the Boston Newspaper Guild, the Globe's biggest union, which represents more than 700 editorial, advertising and business office employees.
    I'm eagerly awaiting the NYT editorial denouncing the union-busting efforts of...the NYT. Funny how things work when the shoe is on the other foot.

    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Times co. threatens to shut down Globe

    It's not clear how this could happen.

    OBL 11/24/02

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    Re: Times co. threatens to shut down Globe

    Quote Originally Posted by bhkad View Post
    It's not clear how this could happen.
    Sorry, should have explained - the NYT owns the Boston Globe.

    edit:
    The New York Times Company also owns The Boston Globe, the International Herald Tribune, almost two dozen other regional newspapers in the United States (15 of which publish daily), and one New York City radio station, WQXR. In 2005, its Broadcast Media Group included 35 web sites, including NYTimes.com, Boston.com and About.com.[5]

    In addition, it is a minority stakeholder in the Boston Red Sox, a position acquired as part of John W. Henry's purchase of the famed baseball team.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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