Worcestershire Journal – NYT 2 T&G – kthxbai
by Karl - April 6, 2009 3:49pm
The Boston Business Journal is reporting that, even though parent New York Times is threatening to disown sibling Boston Globe, the Telegram and Gazette is free to go about its business. The Times has reportedly told the Globe, specifically the Globe’s unionized employees, to find $20M in savings or the Times will shut down the paper. (We’ve read that the Globe is losing $80M per year, so $20M hardly seems enough to save our local Gray Lady.)
Earlier today, Daily Worcesteria had provided a similar analysis, that the T&G’s finances, though no doubt problematic, are pretty much a rounding error for the Times.