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Hurry Up with the Next Bailout, Senator Kerry



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Howard Kurtz reports that the Boston Globe may not be long for this world, or so the New York Times Company would have us believe. Kurtz suggests that the Times Company may be threatening to close the Globe, which loses $85 million per year, as a negotiating tactic:

The move could amount to a negotiating ploy to extract further concessions from the Globe’s unions, since the notice does not require the Times Co. to close the paper after 60 days. The deadline, however, would put the unions under fierce pressure to produce additional savings, and the Boston Newspaper Guild promptly called the step a “bullying” tactic by the company.

Sen. John Kerry’s (D, Mass.) newspaper hearing, which could be the start of yet another corporate bailout, will be this Wednesday.



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