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Times Co. Postpones Threat to Close Boston Globe (NYT)
After wringing concessions from all but one of the Boston Globe‘s labor unions, The New York Times Co. on Monday postponed its threat to start the process of closing the Globe, leaving the newspaper’s immediate future resting on talks with the largest union, the Boston Newspaper Guild. WaPo: “It’s just been terrible,” said columnist Alex Beam. “There’s a feeling that everyone’s expendable.” WaPo: It’s almost impossible to think of Boston without the Globe, writes Eugene Robinson.
New York Times Union OK’s Five Percent Pay Cut (Reuters)
Unionized employees at The New York Times newspaper on Monday ratified a five percent pay cut. New York Times newspaper employees who are members of the New York Newspaper Guild voted 377 to 36 to approve the pay cut agreement. NYO: Union chief says layoffs are still inevitable.
White House Says No Bailout for Newspapers (AP)
The White House on Monday expressed “concern” and “sadness” over the state of the ailing US newspaper industry, but made clear that a government bailout was not in the cards. “I don’t know what, in all honesty, government can do about it,” White House spokesman Robert Gibbs told reporters.