Looks like things have goten bad enough at the Boston Globe for the NYT Co. to threaten shuttering the paper altogether.
The New York Times Company has threatened to close 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.
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. The company does not report figures by newspaper, but executives have acknowledged that the Globe lost tens of millions of dollars last year.
No word on how this would/could affect the rest of the New England Media group.
And today’s take from the Globe
{ 17 comments… read them below or add one }
http://www.newyorker.com
I think the Globe should takeover the Telegram and create a regional newspaper you know the New England Globe expand their readership it’s the only way to stay viable in the age internet news!
http://www.rasmussenreports.com/public_content/most_recent_videos2/lifestyle/americans_see_newspapers_as_big_loss_but_don_t_want_to_help_them
I like the idea of a regional newspaper, we can call it Pravda New England.
The Globe (possibly) going out of business just boggles my mind. If they do go under, that’ll be a big deal in the whole media transition to digital, going out of business, etc. story.
In ten years it could be NBC getting out of the TV business to do web-only programming.
Joe it’s all about expanding the readership USA Today has the largest circulation in the country followed by the WSJ the journal also has a country wide readership you wouldn’t call Rupert a commie would you?
Try reading the Newspaper backwards GOPERS DO!
http://www.msnbc.msn.com/id/26315908/#30079323
I was calling the Globe and the NYT a commie newspaper. I really wasn’t belittling your idea just poking fun at the papers themselves.
I understand the attempt to expand the readership but at some point printed paper media has to accept that their time is over. It sucks. I like reading the newspaper in actual paper form, its just how I’ve always done it. It feels comfortable to me. I think the younger people today are more comfortable reading their news online and I’m, in a way, a dinosaur. Unfortunately the T&G website is sooo painfully slow that they may never get anyone to read anything they write.
I misunderstood you Joe and I do agree that the print media is on the way out in great part due to the internet but read this piece you can’t lose 85 million a year and hope to survive no matter what business you’re in!
http://www.observer.com/2009/media/times-beacon-hill-anyone
The Globe got the Worcester 9th most livable City story 7 days before the T+G! Hank Stolz was saying today that he and Upton Bell were the first to break the story locally on Tues. 4/7/09! Ya sure Hank? We were debating this on Radioball.net early Sat 4/3/09! We lead they follow!
I was surprised by the Comment Section of the T+G story on the 9th most livable City the yea-sayers outnumbered the naysayers by about 70%-30% I think there is a reset going on. People in Worcester are starting to see that Worcester isn’t such a bad place after all and come to think of it it’s a pretty DAMN good place to live! Channel 5 WCVB was reporting today that Worcester is the NEW best City to live in New England1 Worcester “The City on the Move” LIVES!
The Globe should Hire Vince Offer!
http://parcbench.com/article_details.php?RId=112&topic=front
Gordon, the violent crime ratio (U.S average/ Worcester) is 1: 1.47.
Anyone in Worcester adds a 47% chance to their possibility of being beaten/raped/mugged. That stat. doesn’t go away no matter how many balloons City Hall releases for the (next) groundbreaking at City Square. Worcester is Caracas Norte. All men of good will should flee immediately.
lincoln you can spin the numbers anyway you want and scare all the ignorant people you want but the fact still remains that Worcester is the safest City in New England! No brag just fact! Hey lincoln you goin to the tea party all your like minded Obama hatin socialist obsessed right wing wackos will be there? A bewildered herd of teabrains in the tea zone!
http://telegram.com/article/20090415/NEWS/904150379/1116
An extra 7 million so we can have an opportunity to loose 14.4 million in tax revenue.
genius.
City Square will make a lot more money than it loses you read what Mayor Lukes said and she was the original naysayer! Worcester is on the Move!