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New York Times Co. chairman Arthur Sulzberger and CEO Janet Robinson have put out a memo celebrating The New York Times' survival until June -- despite the grim predictions of The Atlantic's Michael Hirschorn last year.

"The month of May came and went and, contrary to the prediction of one writer, we did not stop printing The New York Times," the memo read. "But given all the speculation and incorrect information that has been reported about our Company, we think it is important to create a regular letter written so that you get the facts directly from us -- on the record."

So, look forward to more of these correspondences in the coming months. Today's explained the ongoing situation at The Boston Globe, but didn't really add any new news to what has already been reported about the union negotiation saga.

Earlier: The NYT Strikes Back At The Atlantic and The Atlantic Responds To The New York Times

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Last night, The Boston Globe's largest union, the Boston Newspaper Guild, finally reached a tentative agreement with the paper's owner, the New York Times Co, giving the company the $10 million in cost savings it has been seeking for months.

According to guild president Dan Totten, the new agreement "includes a 5.94 percent salary reduction, modifications to contract language on job security and other concessions." This means that, if this deal is ratified, lifetime job guarantees for about 170 veteran guild employees will be eliminated and the pension plan will be frozen, the Globe said in an article today.

The union also "negotiated steps to help limit the financial hardship imposed on guild members from the temporary implementation of a 23 percent pay cut," Totten added. This could include a lump sum for employees to replace lost wages from the implementation of the 23 percent cut last week to the ratification date of the new deal, The New York Times reported today.

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