Cross-posted from Blue News Tribune.
A question I’ve been asking. Who will tell us the Globe is gone? The Herald might rush to decide.
It might be the Washington Post:
The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England’s most storied newspaper could cease to exist within weeks.
After down-to-the-wire negotiations did not produce millions of dollars in union concessions, the Times Co. said that it will file today a required 60-day notice of the planned shutdown under the Worker Adjustment and Retraining Notification law.
The move could amount to a negotiating ploy to extract further concessions from the Globe’s unions, since the notice does not require the Times Co. to close the paper after 60 days. The deadline, however, would put the unions under fierce pressure to produce additional savings, and the Boston Newspaper Guild promptly called the step a “bullying” tactic by the company.
I don’t think it’s a negotiating tactic. I think it’s a process. They are trying to ease us into life without the Globe.
Some industry observers have expressed skepticism that Times Co. Chairman Arthur Sulzberger Jr. would want his legacy to include the shuttering of the Globe, which his company bought in 1993.
But the Times Co. itself is under strong financial pressure. It recently mortgaged its new Manhattan headquarters, borrowed $250 million from a Mexican billionaire at 14 percent interest, laid off 100 newsroom staffers and cut salaries by 5 percent.
I have little to add. But let’s say the whole thing is resolved in time for summer (I imagine Sox coverage improves circulation): it’s all moot. Whether it’s next year or 2014, the Globe will cease to exist in print form.
I think its owner is trying to figure out whether it wants to own the albatross (two of them) and hope it can return as a phoenix, or just get out now before the flames get too high (the phoenix, when it burns, destroys everything around it, at least according to one story I read).