Time could shut down the Boston Globe in 30 days
April 6th, 2009
CNN reported over the weekend that Times Co. was threatening to shut down the Boston Globe, the most widely distributed Boston and New England area newspaper, and one of the oldest papers in the country (founded in 1872) if unions could not cut at least 20 million in costs. Is this more a negotiating tactic than a threat? You bet it is. Despite the nose dive most papers in this country have taken, the Globe included, this paper is an institution. Threatening to shut it down knocks union bosses off the ground they’ve been standing on. No paper, no work for their members…so they better back down and do what the Times says.
Blog