Boston Globe

The Boston Globe is a daily newspaper published in Boston, Massachusetts and circulated throughout New England. The Globe is owned by The New York Times Company.

Despite the fact that the Boston Globe's "largest union rejected a $10 million package of concessions" on June 5, 2009, The New York Times Company announced on June 9, 2009, that they are not planning to close down the publication.Reuters: NY Times does not plan to close Boston Globe (June 9, 2009)

The Times said "it would cut guild members' pay by 23 percent"iIn order to achieve the savings they need to continue to operate the Boston Globe.Reuters: NY Times does not plan to close Boston Globe (June 9, 2009)

On May 6, 2009, the Boston Globe reached a tentative agreement with the New York Times company that would allow them to keep publishing. A representative for the Newspaper Guild said the breakthrough came in around 4 am. No further details will be made available until Thursday May 7, 2009 when a meeting was scheduled with the Newspaper Guild.FoxNews: Deal Struck to Save Boston Globe Newspaper (May 6, 2009)

In April 2009, The New York Times Company demanded that the Boston Globe's unions provide $20 million in concession fees or risk having the paper shut down. Paying the concession fee could result in pay cuts, discontinuation of pension contributions and the elimination of lifetime jobs. The Globe had seen a decline in profit in recent years.