Earlier this month, it was reported that the Boston Globe is facing the threat of being shut down unless labor unions agree to pay cuts and ending pension contributions. According to the Boston Herald, the unions have until this Friday, May 1 to agree to the concessions.
It's just another sign of the times as print journalism struggles to stay afloat. As an intern in the now defunct Living/Arts section at the Globe in 2005, I remember when the first talks of downsizing were murmured among the the reporters. It's a little sad to see that four years later, the discussion has gotten much more serious. I personally hope that it won't come down to this but I guess we'll have to wait and see