Globe Union to Vote on Pay Cut

This essential question needs to be answered, but it's complex

(NEWSER) - We toss around the phrase all the time, but how do we define what makes a “good job” good? It’s a key question—and a complex one—as we look to the future of our economy, writes Michael Lind in Salon . Among the factors:

• Unions: We often call manufacturing jobs “good” ones, but that wasn’t the case until they were unionized. Service-sector jobs, meanwhile, are often seen as "bad" jobs, but they might see huge benefits from unionization.

Boston paper's finances have 'significantly improved'

(NEWSER) - The New York Times Company has decided not to sell the Boston Globe after all, its chairman told workers in a late-afternoon email today, saying that the financial picture has “significantly improved” for the 137-year-old newspaper in recent months after various cost-cutting and revenue-boosting moves. Two groups did bid after the Globe went on the market in June, but no deal was reached. More»

(NEWSER) - The Boston Globe's biggest union has ended a four-month battle with the New York Times company and voted to accept $10 million in pay and benefit cuts, the Boston Herald reports. Union members—who have been living with a 23% pay cut since rejecting an 8.3% decrease last month—approved a 5.9% wage slice by a wide margin. The deal also includes 8 unpaid work days, a pension freeze and no health insurance for retirees. More»

Some say Times Co. should pay to dump it

(NEWSER) - With the New York Times Co. said to be looking for a Boston Globe buyer, David Carr polled experts to see what the paper might be worth—a question, he writes in the Times, that reaches beyond the Globe itself as the newspaper industry struggles. Carr got quite a range of answers, “everything from $250 million to 'we pay you to take this off our hands.'" More»

Paper's top union wants stake in broadsheet

(NEWSER) - A Boston real-estate and investment firm is considering buying the Globe from the New York Times Company, and the paper’s biggest union wants a piece, too, the Herald reports. Intercontinental Real Estate Corp. says it’s been in talks for weeks to purchase the beleaguered newspaper. More»