Boston Globe gets some more time
The Boston Globe got a little more time to find $20 million, but the bad-blood between the Globe staffers and the New York Times appears to be reaching new levels. According to published reports there is a lot of anger amongst the Globbies that the Times has not been totally accurate on its estimates of Globe losses this year, as well as some of the cuts they are requiring the Globe to make. Globe staffers feel as if the executives and managers at the Times are not making enough sacrifices on their end.
This kind of bad blood could be the kind of thing that destroys a corporation’s unity and damages its ability to succeed over the long haul. That, of course, would assume that such unity existed previously and that success was something probable in the foreseeable future for either side. In both cases – neither appears true.
Never the less, with this recent extension to Sunday at midnight, it appears that the Globe unions are very close to striking a deal, which will help in the short term, but do nothing to address the structural challenges facing both the Globe and the Times in the long term (if we can call a year to a year and a half long term).