Do or Died for the Boston Globe

Today is D-day for the Boston Globe; the parent company New York Times has asked the unions to make concessions to stop the bleeding. The Boston Globe lost almost a million dollars a week last year and is on a pace to lose 85 million. The New York Times is has their own major financial problems. They recently have had to sell their building and rent space that they once owned. This is a problem for all newspapers as ad revenue moves to Internet and other streams. If the unions at the Globe will not concede on some issues then it is more than likely going to be a kill shot for another newspaper. The Boston Globe held a rally for support from local politicians to keep the paper alive. Senators Kennedy and Kerry have signed a letter claiming that the paper is an institution and needs to be saved. That is right a bailout for a newspaper, there was no official number of the supporters at the rally but there was one estimate of a couple of hundred people. We will watch and wait for what is next but May first could be the day the countdown to the end begins for the Boston Globe.

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Sometimes I feel like I’m beating a dead horse
An I don’t know why you’d be bringing me down
I’d like to think that our love’s worth a tad more
It may sound funny but you’d think by now
I’d be smiling I guess some things never change
W. Axl Rose Dead Horse (1991)

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