Fate of Boston Globe up in the air

Media news from south of the border just gets grimmer and grimmer by the day. A day after rejecting a package of cuts to wages and benefits, Boston Globe employees wait for the axe to fall. Owner New York Times is promising a 23 per cent wage reduction across the board. Among the benefits the union rejected was a lifetime job guarantee (who in this economic environment has a lifetime job guarantee?) Anyway, the matter is likely to go to the courts. Either way, things aren’t going to be good for the staff; the Times estimates the Globe loses $85 million a year.

Bloomberg, June 10 2009


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: