New York Times Co. CEO says job cuts can't be ruled out at Boston GlobeOctober 15th, 2009 Times Co. won't rule out job cuts at Boston GlobeBOSTON — The New York Times Co.'s chief executive has thanked employees of The Boston Globe for helping improve its financial condition enough for it to drop plans to sell the newspaper. The Globe reports Janet Robinson told employees at a meeting Thursday that the newspaper still needs to bring in more revenue and declined to rule out additional job cuts.
Boston Globe says 2 bidders visit newspaper's headquarters, 3rd group may drop from processSeptember 15th, 2009 Globe says 2 bidders visit the Boston newspaperBOSTON — Two groups with an interest in buying The Boston Globe have reportedly toured the newspaper's headquarters in the past week, while a bid from a third group is looking less likely. The newspaper, citing unnamed sources familiar with negotiations, reported Tuesday that a group headed by Stephen Taylor, a member of the family that sold the newspaper for $1.1 billion to The New York Times Co., and a second group led by private equity investment firm Platinum Equity of Beverly Hills, Calif., met with Globe executives.
Boston Globe workers told by Times Co. that newspaper's finances improving, sale not certainSeptember 9th, 2009 Times Co. execs meet with Boston Globe workersBOSTON — Executives at the parent company of The Boston Globe say that the newspaper's finances have improved significantly and that a sale is not a certainty. The leaders of The New York Times Co.
Executives of Times Co. say sale of Boston Globe a possibility, but not a certaintyAugust 7th, 2009 Times Co. execs say sale of Globe not a certaintyBOSTON — Top executives of The New York Times Co. say a sale of The Boston Globe is not a certainty.
Report: 2 Boston groups place preliminary bids for Boston Globe, 1 suggests nonprofit modelJuly 31st, 2009 Report: 2 preliminary bids placed for Boston GlobeBOSTON — The Boston Globe is reporting that two Boston groups have submitted preliminary bids to buy the newspaper. Citing unnamed people with knowledge of the offers, the Globe reported Friday that the bids were submitted Thursday, meeting a deadline set by its owner, The New York Times Co.
Report: Potential buyers of Boston Globe given more time to prepare bidsJuly 7th, 2009 Deadline for Boston Globe bids reported postponedBOSTON — The Boston Globe's owners have reportedly postponed a deadline for potential buyers of the newspaper to submit their initial bids. The New York Times Co., which owns the Globe, had set a Wednesday deadline for nonbinding bids.
Report: Deadline this week for initial, nonbinding bids to buy slumping Boston GlobeJuly 5th, 2009 Report: Initial bids due to buy The Boston GlobeBOSTON — A deadline is approaching for the possible sale of The Boston Globe. The New York Times Co., which owns the Globe, has set a Wednesday deadline for initial, nonbinding bids.
Union says it's hopeful after meeting with Boston Globe, labor board; no resolution yetJune 16th, 2009 Talks continuing between Guild, Boston GlobeBOSTON — The Boston Newspaper Guild says it is hopeful after a meeting with managers at The Boston Globe and the National Labor Relations Board. Dan Totten, president of the Guild, said in a statement released early Tuesday that talks would resume later in the day.
Globe: 3 businessmen with Boston roots emerge as possible buyers for struggling newspaperJune 12th, 2009 Globe: 3 possible buyers of newspaper emergeBOSTON — The Boston Globe reports that three area businessmen, including a member of the family that once owned the newspaper, have emerged as possible buyers. The paper reported Friday that those who have expressed interest are Stephen Pagliuca, a private equity executive and co-owner of the NBA's Boston Celtics; Jack Connors, cofounder of a Boston advertising firm and chairman of Partners HealthCare; and Stephen Taylor, a former Globe executive whose family sold the paper to the New York Times Co.
Boston Globe to resume talks with only union yet to reach deal to make cuts, avoid closureMay 5th, 2009 Boston Globe to resume talks with largest unionBOSTON — The owner of The Boston Globe will resume negotiations with its largest union. This development comes more than a day after talks to cut millions of dollars from the union's contract ended at an impasse.
Boston Globe avoids shutdown for nowMay 5th, 2009 NEW YORK/BOSTON - The Boston Globe will survive for at least another day, but the economic problems dogging New England's storied newspaper are reflective of an entire industry in the midst of a historic, wrenching transformation. The Globe, which is owned by The New York Times Co., is reportedly on track to lose 85 million dollars this year, or a third of its operating costs, reports the Christian Science Monitor.
Times Co., Boston Globe unions resume negotiations, face another deadline to make concessionsMay 3rd, 2009 Times Co., Boston Globe unions resume negotiationsBOSTON — Labor union leaders at The Boston Globe say the deep cuts in workers' pay and benefits they're offering should be more than enough to save the newspaper, which has been threatened with closure by its owner, The New York Times Co. The Boston Newspaper Guild, the Globe's largest union, released a statement Sunday saying its proposed concessions meet the needs of management, and the union is confident the Times Co.
NY Times Co., Boston Globe unions resume negotiations over concessions, face another deadlineMay 3rd, 2009 Times Co., Boston Globe unions discuss concessionsBOSTON — Labor union leaders at The Boston Globe continue to meet with representatives of the newspaper's owner, The New York Times Co., about contract concessions management says are needed to keep the Globe running. A Boston Newspaper Guild spokesman says the talks are expected to last late into Sunday night.
Boston Globe union reportedly asks for deadline extension on contract concessionsMay 1st, 2009 Report: Globe union asks for deadline extensionBOSTON — Leaders of The Boston Globe's largest union have reportedly asked the newspaper's owners to extend the deadline for millions of dollars worth of concessions. The Boston Globe reported Friday union leaders are making the extension request after discovering what they are calling a $4.5 million accounting error.
Mass. congressional delegation urges Times Co. to find way to keep Boston Globe openApril 29th, 2009 Mass. lawmakers urge Times Co. to spare GlobeBOSTON — The Massachusetts congressional delegation has sent a letter to the chairman of The New York Times Co.