Monday, May 04, 2009

from the "another one bites the dust" dept.

Sad news this morning that the Boston Globe could stop publishing in 60 days.

From the Wall Street Journal:

Unions representing Boston Globe employees continued to negotiate with the newspaper's management well past midnight Sunday, the deadline to agree to concessions to cut the paper's losses and avoid its closure.

Less than three hours before the deadline, the Boston Globe's largest union said it had presented a proposal to management that cuts costs by more than what is necessary to avoid closing the newspaper. The Globe, which is owned by New York Times Co., said it had told its unions it is prepared to file notice on Monday under the Workers Adjustment and Retraining Notification Act, which requires 60 days' advance notice before closure of a business. Management's statement, issued shortly after the union's, suggests the two sides might not be as close to an agreement as union leaders had indicated. [ MORE ]


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