Boston Globe Sports

On April 2, 2009, The New York Times Company threatened to close the paper if its unions did not agree to $20,000,000 of cost savings. Some of the cost savings include reducing union employees' pay by 5%, ending pension contributions, ending certain employees' tenures. The Boston Globe eliminated the equivalent of fifty full-time jobs; among buy-outs and layoffs, it swept out most of the part-time employees in the editorial sections. However, early on the morning of May 5, 2009, The New York Times Company announced it had reached a tentative deal with the Boston Newspaper Guild, which represents most of the Globe's editorial staff, that allowed it to get the concessions it demanded. The paper's other three major unions had agreed to concessions on May 3, 2009, after The New York Times Company threatened to give the government 60-days notice that it intended to close the paper. Despite the cuts helping to "significantly [improve]" its financial performance by October of that year, The Globe's parent company indicated that it was considering strategic alternatives for the paper, but did not plan to sell it. In September 2011, The Boston Globe launched a dedicated, subscription-based website at bostonglobe. com.

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