Posted on 04/04/2009 8:21:24 PM PDT by AmericanMade1776
When it bought the Boston Globe for a record $1.1 billion in 1993, the New York Times Co. added one of the nation's most acclaimed and profitable newspapers to its empire.
But analysts say the 137-year-old Globe has been a money-loser in recent years, and the Times, now $1.1 billion in debt, is threatening to shut down Boston's pre-eminent paper unless it gets $20 million in union concessions.
Faced with the global recession and declining revenues, the newspaper business is reeling one major paper has already folded this year and several others are seeking bankruptcy protection. But the threat to the Globe, announced Friday on the Globe's Web site, has shocked some industry insiders, who say it shows no one is safe
(Excerpt) Read more at news.yahoo.com ...
If only the Times staff of reporters would get a second mortgage on their houses and back this fine paper, then all would be right in the world.
Now that we don’t need a newspaper for our news we have choices. Not many of us want to choose a steady diet of liberal propaganda - not even the liberals.
I too, once had a subscription to the Boston Globe, but found that there was too many useless sheets of Newspaper, and found that they were soon being bundled up for recycling, without ever being read. Save A Tree, Help Global Warming, Shut Down the Boston Globe and the New York Times!
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