Globe Union Approves $10 Million in Cuts, Globe Will Not Die (Yet)

The Boston Newspaper Guild approved $10 million in concessions tonight, marking a possible temporary end to the dragged-out negotiations with Boston Globe owner New York Times Company. Around 80% of Guild members showed up to vote on their fate, with a final score of 366 yay and 179 nay. Maybe this shows that journalism does have a future: just $10 million less of one. According to the Herald, the money-saving deductions include a "5.9 percent pay cut, eight unpaid days off, a pension freeze and the elimination of the 401(k) contributions as well as the lifetime job guarantees held by nearly 200 union members." Dan Kennedy has an email from Boston Globe editor Marty Baron to his workers thanking them for keeping up their "commitment to deliver journalism of the highest caliber" throughout the negotiations. Despite the deal, the Globe is still up for sale for the moment.