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 ...
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.
Funny thing... Obambi gets away with saying “foreign” leaders during his campaign and nobody even blinks.
This is too funny. They are in denial. This is not a ploy it is a fact that the Union agrees to the cost cutting figure or they are history.
Snicker....
background on that case I cited...
Turner’s bogus photos [Boston Globe]
Boston.com News ^ | May 14, 2004 | n/a
http://www.freerepublic.com/focus/f-news/1135627/posts
Globe blames councilor for bogus ‘rape’ photos
WorldNetDaily ^ | 5/14/04 | WorldNetDaily
http://www.freerepublic.com/focus/f-news/1135989/posts
Boston Globe Publishes Fake Iraq Rape Pictures
Boston Globe,WRKO Radio | 5/12/2004 | Brainhose
http://www.freerepublic.com/focus/f-news/1134129/posts
The Wreckage of the Consensus Revisited: NYTimes Admits to Spreading Lies to Undermine War Effort
Capitalism Magazine ^ | May 18, 2004 | Harry Binswanger
http://www.freerepublic.com/focus/f-news/1137879/posts
Hey, it is resentment by Bostonians of NY ownership that sunk the paper, not its unceasing lies, distortions, misrepresentations, frauds, scams and thorough left wing bias. After all, how could those have any effect??!!
CA....
Can not express the warm and fuzzy feeling I get when I read this stuff!
there’s actually been some really decent stuff out of the Globe recently. Can you search here by source?
It’s been a bit like the chic trib. Quite a few reasonable pieces.
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