Good news yesterday for those in support of our nation's printers: reports have come out that a deal is within sight between the union and the New York Times Co. on cost cutting measures that will keep the Boston Globe from folding (for the time being). Measures included wage and benefit cuts for a work force of 600 who already have been on a wage freeze for over 5 years (no raises, etc), which it is hoped add to a cool 23 mill in savings.
The news broke in the NYT of course, but the article definitely has a sense of foreboding, stating, "this tentative deal appears to forestall the imminent death of a civic institution that, even after years of cutbacks, remains the dominant news organization in New England".
The Globe is safe for now, but the future is uncertain. Were I am member of the staff, I might be searching for alternate employment.
This all begs the question: is this paper worth going through all this trouble to save? I've been going over this question in my mind; clearly print media is faltering, but are we ready for a digital world? How long before we issue the order: do not resuscitate??
Original Article here
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Good to see that the Boston Globe will remain "above the fold" a little longer. Haha, newspaper puns.
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