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Pay Cuts Loom at Boston Globe; Shakeup at Alpha Media
June 5, 2009
It's getting ugly in Beantown: The Boston Globe needs to cut $10 million from its budget. Either the Boston Newspaper Guild will vote to allow concessions, or management will impose a 23 percent pay cut on the Guild's 600-plus editorial, advertising and business office staffers. Daniel Totten, president of the union, sent a memo to his charges claiming that execs made "wretched" business decisions. He didn't suggest they reject the new contract, however. An NYT Co. spokeswoman says shutting down the Globe remains a possibility... After 32 years at The Wall Street Journal, deputy managing editor Daniel Hertzbergsteps downsteps down<...