Peter Kafka

Recent Posts by Peter Kafka

New York Times: We Probably Won’t Shutter the Boston Globe

boston-globe

Good news, Boston Globe fans: Your paper is going to remain extant. Probably.

Bad news, Boston Globe editorial workers: You’re getting a 23 percent pay cut.

That’s the fallout after the Globe’s Newspaper Guild rejected management’s previous offer, which would have involved an 8.4 percent pay cut, which was made at the behest of the New York Times (NYT), which owns the Globe.

The Times had previously said that it needed to cut the Globe’s costs by $20 million or it would fold the paper, because it was on track to lose $85 million this year. The new cuts, announced today, will get the paper to its cost-cutting goal, so everything’s cool. For now.

Here’s Times spokeswoman Catherine Mathis’ statement, via…the Boston Globe:

“Because we have achieved the $20 million in savings we needed, we do not foresee closure at this time and are focused on executing the Globe’s turnaround plan.”


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald