NYT Co. Threatens to Close Down The Boston Globe
The New York Times Co. isn’t fooling around with these cutbacks! Richard Perez-Pena is reporting in today’s NYT that the company is looking into closing(not selling, but closing) The Boston Globe “unless labor unions agree to concessions like pay cuts and the cessation of pension contributions, according to a person briefed on the talks.” That is quite the bargaining tactic.
The company is looking for $20 million in savings from The Globe, which has already gone through several rounds of deep cost-cutting and staff reductions.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in