Submitted By Todd on May 4th at 4:00pm
The New York Times Co. today backed off from its threat to notify federal authorities that it plans to close the Boston Globe within 60 days, providing some breathing room for the embattled newspaper.The Boston Globe loves higher taxes, but somehow always got furious at the idea that the sale of a newspaper should face a sales tax.
The company has reached agreement with six of its seven unions in response to demands for $20 million in concessions, leaving only the Boston Newspaper Guild still at odds with management. A Guild spokesman said that there are plans for both sides to return to the bargaining table but that no time has been set.And, of course, both companies think that unions should control what workers get paid, not companies.
The threatened shutdown could amount to a negotiating ploy to extract further union concessions, since the notice does not require the Times Co. to close the paper after 60 days.Which just might be why the Times finds itself, and the Globe, to be swimming in red ink.
But it puts the unions under fierce pressure to produce additional savings; the Boston Newspaper Guild promptly called the step a "bullying" tactic by the company.And, it just might be why the Times is trying to crush the unions at the Boston Globe.
The paper's circulation dropped 14 percent in the most recent six-month period. The Globe is expected to lose $85 million this year, the company says.Sounds bad, but things are worse in New York.
...the Times Co. is also said to be seeking to eliminate seniority rules and lifetime job guarantees for some union members.It seems that the Harvard educated good government crowd that moralizes about the evil of big business on the pages of the Times and Globe seems to have been operating on the assumption that all businesses must be as cruel and hateful as they are!
"From the moment the Times Co. purchased The Globe in 1993, it has treated New England's largest newspaper like a cheap whore," former Globe columnist Eileen McNamara wrote last month in the Herald. "It pimped her out for profit during the booming 1990s and then pillaged her when times got tough."How Sweet It Is!