“The company’s demands are outrageous,” Daniel Totten, the union’s president told the Times. “We’re willing to consider some concessions but not the draconian amount they put forth.”
What’s a paper to do? Raise prices, of course.
Starting on May 4, the Globe will now cost $1 on Boston newsstands and $1.50 outside the city limits. This hike comes on the heels of a $.25 increase in February. The NYT Co. hopes it will help save $20 million.
(Elsewhere, Portfolio‘s Jeff Bercovici has some excellent analysis of the Globe‘s financial troubles.)