Wednesday, June 25, 2008

New York Times Proposes 10% Wage Cut for Employees

Of course, they still MAKE MONEY off their shit sheets; they are just losing a lot funding sources.

Key quote
:

"At a meeting Monday, Globe publisher P. Steven Ainsley, New York Times Co. chairman Arthur Sulzberger Jr., and Times Co. chief executive Janet Robinson were questioned about a proposal to Globe unions to reduce wages by 10 percent."

Also see
: New York Times Shutting Down International Herald Tribune Web Site

Boston Down to One Newspaper

"Herald aims to slash jobs as it farms out printing; Up to 160 positions may be lost; paper also plans to relocate" by Joseph P. Kahn, Globe Staff | June 25, 2008

The Boston Herald plans to lay off 130 to 160 employees this summer and outsource its printing to presses in Chicopee and Norwood.

Yesterday's news comes at a gloomy time for the newspaper business. Buyouts, layoffs, rising energy and transportation costs, and a weakening national economy have made the past few months particularly perilous. Many leading media companies, including Gannett Co., McClatchy Co., and The New York Times Co., which owns The Boston Globe, reported a 10 percent decrease or more in ad revenue during the first five months of 2008.

Nobody likes a liar!

The Boston Globe continues to wrestle with many of the vexing issues facing Purcell and the Herald. At a meeting Monday, Globe publisher P. Steven Ainsley, New York Times Co. chairman Arthur Sulzberger Jr., and Times Co. chief executive Janet Robinson were questioned about a proposal to Globe unions to reduce wages by 10 percent. In an interview yesterday, Ainsley described the proposed wage cuts as "part of the collective bargaining process - a proposal and nothing more."

The executives also fielded a question about the possibility of consolidating the Globe's printing facilities, which are housed in Dorchester, Billerica, and Millbury.

While the paper is seeking efficiencies in all operations, including production, Ainsley added: "At this point it's very preliminary. Certainly no decisions have been made."

Dan Totten, president of the Boston Newspaper Guild, which represents about 900 employees, said yesterday that the collective bargaining agreement is "not open at this time" for renegotiation and that the 10 percent wage cut is unanimously opposed by the Globe's union leaders.

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Maybe you reporters will start challenging the shit owners who don't give a damn about you, 'eh?

Or you will COME to the WEB -- although, the PAY is MINIMAL!!!! At least here you can TELL the TRUTH!!!