Boston Globe on the brink of closing
http://www.cnn.com/2009/US/05/04/boston.globe.threat/index.html
(CNN) -- The Boston Globe management warned the newspaper's four unions Sunday that failure to reach a financial concession would force the company to file a notice to shut down, the Guild said in a statement.
The Boston Globe faces an ultimatum: Reach a financial concession or force a shut down, the Guild reported.
The notice would allow The New York Times Co., which owns the Massachusetts newspaper, to close it in 60 days, the Globe reported.
In other newspaper industry troubling news, the National Post (which is really the Toronto Post these days) is cancelling its Monday print edition.
I've said it before and I'll say it again. Newspapers that embrace the web and adjust their business models accordingly will surivive.
Those that don't, won't in the long-term.
