The New York Times

The New York Times is a daily newspaper published in New York City and distributed around the world. The New York Times had a reputation as a venerable American institution in the last century, and is considered the paper of record for the United States. It publishes a daily and Sunday edition.

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

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

Notable Stories

The New York Times has broken many stories of note over its history:

1859:The Battle of Solferino in the Italian War for Independence
1870-1871: Boss Tweed was exposed after a series of Times stories
1912:The sinking of the Titanic
1919: Printing the entire Treaty of Versailles
1927: An exclusive first person account of Charles Lindbergh's trans-Atlantic flight
1945: A Times reporter was the only journalist on the mission to bomb Nagasaki, Japan
1968: First to report General Westmoreland's request for more troops in Vietnam
1973: Daniel Ellsberg exposed the Pentagon Papers to the Times

NY Times-Boston Globe

In April 2009, The New York Times Company demanded $20 million in concessions from the Boston Globe's unions or risk being shut down. The New York Times Company, which owns the Boston Globe, met with the paper's 13 unions to demand their concessions, which could include pay cuts, the end of pension contributions and the elimination of tenure positions offering lifetime employment.Salon.com: Boston Globe unions say NY Times wants $20M cut (April 3, 2009)