NYT Threatens to Shutter Boston Globe

Enjoys your news, Boston, while you have it: The New York Times Company is threatening to close the Boston Globe unless the newspaper’s unions agree to $20 million in concessions. The Globe reports on its own troubles: “Executives from the Times Co. and Globe made the demands Thursday morning in an approximately 90-minute meeting with leaders of the newspaper's 13 unions, union officials said. The possible concessions include pay cuts, the end of pension contributions by the company, and the elimination of lifetime job guarantees now enjoyed by some veteran employees.” Concessions will have to be negotiated individually with each union and, according to one union leader, must be completed within 30 days.