Boston Globe and NY Times Working on Deal
May 3, 2009 by Stephen Kersey
Filed under Business
Sunday could be the last day of the Boston Globe if The New York Times Company doesn’t get its wish. According to multiple reports, the Times Co. wants approximately $20 million in concessions from the Boston Newspaper Guild — the Boston Globe’s biggest union.
The two sides are expected to haggle all day Sunday. If by Sunday night there is no deal, the Times Co. has said they are willing to shut down the newspaper.
The Boston Globe is just the latest newspaper in the United States to come close to death. Many have already died and there are a number of others in bad shape. With newspapers suffering from lowered advertising dollars and fewer subscriptions, some experts believe that many more newspapers will be shut down before it is all said and done.
By Monday, expect either another delay in the deadline, an agreement between the Times Co. and the Boston Globe’s union or the end of the Boston Globe.
The New York Times Company (Image: Flickr)
