The NY Times is filing the notice required by Federal law (nicknamed WARN). At the end of 60 days, the union boys with lifetime job guarantees are on their own.
Posted on 05/04/2009 6:31:14 AM PDT by Zakeet
The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England's most storied newspaper could cease to exist within weeks.
After down-to-the-wire negotiations did not produce millions of dollars in union concessions, the Times Co. said that it will file today a required 60-day notice of the planned shutdown under the Worker Adjustment and Retraining Notification law.
The move could amount to a negotiating ploy to extract further concessions from the Globe's unions, since the notice does not require the Times Co. to close the paper after 60 days. The deadline, however, would put the unions under fierce pressure to produce additional savings, and the Boston Newspaper Guild promptly called the step a "bullying" tactic by the company.
Some industry observers have expressed skepticism that Times Co. Chairman Arthur Sulzberger Jr. would want his legacy to include the shuttering of the Globe, which his company bought in 1993.
But the Times Co. itself is under strong financial pressure. It recently mortgaged its new Manhattan headquarters, borrowed $250 million from a Mexican billionaire at 14 percent interest, laid off 100 newsroom staffers and cut salaries by 5 percent.
Globe management said in a toughly worded statement: "Filing the WARN notice is a difficult step that we would like to avoid. But, unfortunately, given the state of the negotiations, it is one we must be prepared to take."
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.
Boston residents have long resented the takeover of the Globe by a company based in New York, with which the region competes in sports, banking and cultural bragging rights.
(Excerpt) Read more at washingtonpost.com ...
The NY Times is filing the notice required by Federal law (nicknamed WARN). At the end of 60 days, the union boys with lifetime job guarantees are on their own.
Can’t wait for the NY Times to be next.
WOOOHOOOO! GRRRRREAT news!
This really is just so sweet.
As noted many times before, liberals aren’t liberal with their own money.
This couldn’t happen to a more deserving group of people.
Like a bus load of attorneys crashing off a bridge into an abyss, “It’s a start!”
The fact that the Globe basically ignored the Tea Party protests, including those in Boston, despite the fact that they were patterned on an event in Boston history tells you everything you need to know about why the Globe is failing.
Maybe their little buddies at the White House should bail them out.
The more conservative Boston Herald survives. Makes sense.
Good. The Boston Glob ran photos of “war crimes” that had already been exposed as a middle eastern hoax (they were stolen from a porno website).
but anything to sink the war effort and throw support for Boosh.
The Boston Globe committed treason. There had already been a State Department press conference on these photos. Talon News Service asked about them.
Useful idiots who betrayed America. They should consider themselves lucky they aren’t in jail for their stunt.
This is funny...The Times figured out a way to back the union down. And I hate the Times but, oh well...hahahaha
American people to file notice that the New York Times is next.
ha ha ha ha ha ha ha ha ha ha ha ha ... inhale ... ha ha ha ha ha ha ha ha ha ha ha ha ... inhale ... ha ha ha ha ha ha ha ha ha ha ha ha ... inhale ...
whew ..... stop it, you're killing me.
Media Schadenfreude and Media Shenanigans PING
Sweet Justice!
John Kerry will never allow this to happen.
The more conservative Boston Herald survives. Makes sense.
Also wasn’t it a reporter from the Boston Globe, in Kerry’s own backyard, who was the only figure permitted access to Kerry’s military records after the 2004 election?
Unless, of course, Obama and his cronies step in and bail them out, like they did with GM. "Too (enter superlative here) to fail", and all that.
Good timing for Independence Day.
Does Boston and the Boston Pops still celebrate Independence day with the boats in the harbor and the Pops playing patriotic songs?
The spin will come fast and furious from both sides.
Competition from the Internet, shrinking ad revenues, blah blah blah.
In the end it comes down to this:
MANAGEMENT ATTEMPTED TO BREAK THE UNION
Union as in those ‘working families’ that Dems talk about like a kid talks about Christmas presents. Well, kids, you’ll find out about Christmas soon enough but the so-called supporters of ‘working families’ really don’t care about the work part or the family part for that matter. They want warm bodies to addict to government checks and to vote every so often.
The next time Herbert, Krugman, Rich or another pillow-biter moans about big bad corporations or the GOP all they have to do is look down the hallway for an example of the kind of ruthlessness they decry.
“The fact that the Globe basically ignored the Tea Party protests, including those in Boston, despite the fact that they were patterned on an event in Boston history tells you everything you need to know about why the Globe is failing.”
This is another good example of why the Globus Hystericus closing will be good for Boston, Mass. and America.
< Conservative newspapers, or even unbiased (or less biased) newspapers, don't alienate half of their potential customer base right out of the gate.
I think there used to be a newspaper by that name. I have not seen a copy in years. I wonder what happened to it. BTW, I think the Boston Globe was also a newspaper. Does anyone remember back when we had to wait for someone to print out a copy of what they thought was news-worthy and deliver the hardcopy to our houses? That was like when they delivered milk to our houses each morning.
One down... many more to go.
LLS
It's not like this news is a real tear jerker or anything. I'm not going to cry a river over it.
This is what happens when the press becomes a left wing propaganda medium. No one wants it anymore. There's enough left wing crap coming out of the TV already.
“The fact that the Globe basically ignored the Tea Party protests, including those in Boston, despite the fact that they were patterned on an event in Boston history tells you everything you need to know about why the Globe is failing.”
Exactly.
Thanks for the ping and helping to brighten my Monday morning...
Wonder how many reporters/photographers they sent to cover Cindy Sheehan in Crawford, TX?
The people who got their news from the Lefty Boston Globe will now get their news from the even more Lefty Bill Maher show on HBO, as well as Lefty internet sites.
Hee. The Times, which zealously supports the Employee Free Choice Act, is fiving Globe employees the free choice of which uneemplyment office to go to.
Keep in mind, the Globe may still continue if it can reach an agreement within the 60 days. SO the end is still not so near...
Bailout coming in 3 ... 2 ... 1 ...
I had to rummage around a bit to find some articles about the other, less famous Boston Globe journalistic scandal:
Globe reporter Patrick Healy quoted John Kerry as saying that “foreign leaders” wanted him to win the 2004 election, outrage ensued, everybody demanded that Kerry “clarify” his “unpatriotic statement”, name names of these “foreign leaders”, etc.
Then this Healy guy says, oh, hey, whoops, I transcribed it wrong, look, he said “more leaders”, not “foreign leaders”, see it wasn’t unpatriotic, my bad!
Except that Kerry had in fact stood by the “foreign leaders” quote, but didn’t want to name them as these were private conversations, unmasking the reporter, and IMO the Globe, as being completely in the tank for him.
A decent round-up from the time here http://www.everythingiknowiswrong.com/2004/03/which_is_it_goi.html
Let that be their epitaph.
Think President Soros or the golden houseboy will try to bail them out?
“Useful idiots who betrayed America. They should consider themselves lucky they aren’t in jail for their stunt.”
They completed what they set out to do...pure propaganda, then participated in helping in the destruction of the GOP, helped pimp liberals whenever they could and helped elect a community organizer by failing to report news/truth. Their time has come...it is now the talking CNN heads that will carry the water.
I won’t mind, so long as Derrick ZZZZZ Jackson gets a job somewhere!
Great! Now, with the Boston Globe return the compliment?
Once again, Pinch Sulzberger demonstrates managerial skills commensurate with his editorial acumen.
BWAH HA HA HA HA!!!
To think, I once wanted to work in that field.
But the union promised them a job for life, free healthcare, full retirement and all the leftist words they can muster!
Let them eat their words.
Print newspapers are a dead medium. Their waning subscriptions and faltering advertising are due to consumers having and making other choices of where to get their news. Part of the switch is that Joe Sixpack, the primary reader of newspapers, was constantly denigrated by the very media that depended on him to survive. Ditto for the major TV networks.
I have always wondered: Do the unions have bearing on content? It would explain a lot.
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