You may or may not know that the Boston Globe has been in hot water for a while now- the New York Times Company has owned it since the nineties, and recently there have been negotiations in the works to try and keep the paper afloat. It looks like the labor unions are having issues with the Times Co., at which apparently there's been a "28% decline in advertising in the Times Co' publishing segment". That is an absolutely massive percentage- I'd be curious to know what the advertising on the online segment looks like. In this economy, has advertising decreased, or do advances in technology keep it on the up and up?
In any case, here's a link to the article- very interesting stuff
At Deadline, No Deal Yet On Boston Globe
More and more major newspapers are failing... I really am sad to see them go.
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