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 …read more
Report: Boston Globe May be Shut Down
April 3, 2009 by Stephen Kersey
Filed under Business
The newspaper industry in the United States is massively struggling. The latest evidence is the news that the owners of the Boston Globe have threatened to shut down the newspaper if they don’t get a number of concessions from union leaders.
The collapse of the Boston Globe would be another shocking failure in the newspaper. Founded in 1872, the Boston Globe currently has more than 300,000 daily subscribers. Not only is it the most popular newspaper in Boston, it’s the most popular newspaper in all of New England.
The main problem for the newspaper industry is the dropping advertisement dollars spent within …read more




