Monday, May 4, 2009

The Boston Globe

Boston Globe is Boston's largest newspaper. It is also one of the most
widely-read newspapers in our country's northeastern region. The first
issue of the Boston Globe was published on March 4, 1872. This makes
the newspaper over one hundred years old!

Since 1993, the Boston Globe has been owned by the New York Times. The
online edition, Boston.com was launched in 1995. Although the Boston
Globe has a rich history, that does not make it immune to the current
economic crisis. On April 2 of this year, the parent that owns the
Boston Globe threatened to close its doors if unions don't agree to
$20 million in cost savings.

The parent's ultimatum was not an empty threat. The Boston Globe may
file a notice to shut down as early as today. Under the Workers
Readjustment and Retraining Notification act the company must give a
60 day notice before closing it's doors. Filing such a notice today
would mean that in July the Boston Globe would no longer exist.

Critical agreements were not reached by the midnight deadline.
However, negotiations continue as we speak. Let's keep our fingers
crossed that critical negotiations prove successful. Our country can
not afford to lose another newspaper that has such a rich history.

The Boston Globe is not the only newspaper to hit rough times. The
Rocky Mountain News in Denver shut it's doors completely. The
Christian Science Monitor and the Seattle Post-Intelligencer are now
only available in an online format. The parent company of the Chicago
Sun Times and 58 other newspapers filed for Chapter 11 bankruptcy in
March. The future of newspapers as we know it remains a question mark.
Could it be that in the future we only can get our news online? Let's
hope not.

What can you do? Continue to buy newspapers in print edition. Every
little bit helps. As more and more traffic shifts online, we will see
more and more trouble with our nations newspapers.

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