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NYT Threatens to Close Boston Globe in 60 Days

HeadlineMay 04, 2009

In media news, the New York Times Company threatened last night to notify federal authorities of its plans to shut down the Boston Globe in sixty days if the unions representing workers at the Globe did not agree to a series of major financial and contract concessions. The Times issued the ultimatum at 10:00 p.m., but negotiations kept taking place past the midnight deadline.

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