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Once one of the nation’s most vibrant two-newspaper towns, Boston’s dailies are reeling from a combination of the recession and seismic changes in the business. The very popular Boston Globe, which at one time out-billed all the TV stations combined, is now losing about $1 million a week. In April, Globe parent The New York Times Co., crippled by $1.1 billion in debt (the same sum it paid for the Globe 16 years ago), threatened to close the paper, unless it got $20 million in union concessions.

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