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  • New York Times: We Won't Have to Shutter The Boston Globe After All [View article]
    This negotiation appears to be a bit of a farce . NYT said the Globe was on pace to losing $85 million so if they saved $20 million they could keep it open? If it was about economics, they would close it anyway, even after the concessions. It seems NYT just wanted to get what it could through threatening, but never planned to close it for losing money anyway. Why is a $65 million loss ok? Or any loss at all. The Sulzbergers will act uneconomically as long as they can afford to. That's their right, and one of the privileges of ownership, The non-controlling shareholders should recognize this and act accordingly.
    May 05 13:31 pm |Rating: 0 0
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