"Times chief warns of more Globe cuts" by Bloomberg News | June 26, 2009
NEW YORK - The chairman of The New York Times Co., Arthur O. Sulzberger Jr., said yesterday that the company’s Boston Globe will probably need more cost reductions - on top of the $10 million in wage and benefit cuts its largest union is already considering.
“There will be still more to come,’’ Sulzberger said in a memo to employees co-written by chief executive Janet Robinson. “The Globe is on a path to a more secure financial future.’’
Wow, is the BS ever thick!
Also see: The New York Times is a Terrorist
And consider:
"In 2008, P. Steven Ainsley, the publisher, received about $113,000 in bonus pay, down from more than $314,000 in 2007"
He got a BONUS for LOSING $50 MILLION while the workers didn't even get a RAISE for FOUR YEARS!
