Boston Globe union votes down pay cuts, New York Times faces choice
Filed under: Company News
Many of the members of the Newspaper Guild, which represents editorial employees at the Boston Globe, said that they would vote against a proposal to allow the paper's parent, the New York Times Company (NYT), to take away some of their compensation and benefits.
As it turned out, there were enough dissenters to vote the entire package mandated by management down.
If the situation with the union gets sticky enough, the Times could close the Boston paper. Many industry observers believe that NYT, home of great print journalism, will not shutter an icon like the Globe. Other observers believe that the Times loses too much money to keep Boston open.
The Times is short on cash -- very short if it continues to lose money. If the union wants to keep causing trouble, the Globe gets closed.
Douglas A. McIntyre is an editor at 24/7 Wall St.
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Reader Comments (Page 1 of 1)
6-09-2009 @ 8:47AM
Alanrich369 said...
Ah yes, once again we have the union being Bad little boys and girls. They should vote No and then vote No again. Newspapers have driven their advertisers away in mass. Their charges are completely out of line forcing alternative advertising. I use the print media first, and then are forced to electronic media by the print media themselves, "for more on this story go to {whatevernewspaper.com} we read it every day! Go out of business, thats the popular thing to do when you can't earn lavish profits and have to work hard.
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