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The New York Times has reportedly hired Goldman Sachs to put the Boston Globe up for sale. They also announced that, now that most of the Globe's unions have agreed to concessions, and after they unilaterally (and possibly illegally) imposed a 23% wage cut on the Newspaper Guild after the Guild members voted down their proposal, they will not close the paper.
First the Times runs the Globe into the ground, then they force concessions and wage cuts on the workers, and now they're selling it despite it having the largest newspaper circulation in New England.
Nice.
First the Times runs the Globe into the ground, then they force concessions and wage cuts on the workers, and now they're selling it despite it having the largest newspaper circulation in New England.
Nice.
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Date: 2009-06-11 02:08 am (UTC)From: