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Latest Developments From Boston Globe/NYT Co.

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A letter purportedly sent to Arthur Sulzberger Jr., chairman of The New York Times Company, and signed only from "Concerned Reporters at The Boston Globe," asks that he take a personal role in the ongoing Newspaper Guild dispute at The Boston Globe.

The letter, first posted on The Poynter.org Romenesko site, follows Monday's narrow defeat of a proposed agreement that would have included an 8.3 percent pay cut, a week-long unpaid furlough and other union concessions.

With the proposal voted down, the Times Company has announced it will institute a 23 percent pay cut.

The Times reported late Tuesday: "A day after its members narrowly rejected a package of wage and benefit cuts, the Boston Globe’s largest union filed a complaint on Tuesday with federal regulators, challenging the 23 percent pay cut the newspaper had set in motion."

At the same time, The Globe reported: "The New York Times Co. has hired an investment bank to manage the possible sale of The Boston Globe, and the company plans to request bids for Boston's major daily in the next couple of weeks, according to two people who say they may make offers on the newspaper.

"The Times Co., which has declined to comment in recent months on whether it is selling the Globe, has hired Goldman Sachs, the same Wall Street investment bank the Times Co. has hired to sell its 17.5 percent stake in the Boston Red Sox, the potential bidders say."

The entire letter to Sulzberger is below:

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