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New York Times Threatens to Close Boston Globe

HeadlineApr 06, 2009

In media news, the New York Times Company is threatening to close the Boston Globe within thirty days unless the Globe’s unions agree to $20 million in cuts. The concessions would likely involve pay cuts and ending contributions by the company to employee pension plans. Last month, the New York Times Company laid off 100 employees and cut salaries for non-union workers by five percent.

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