Times Co. threatens to shut Globe; seeks $20m in cuts from unions | WHAT REALLY HAPPENED

Times Co. threatens to shut Globe; seeks $20m in cuts from unions

The New York Times Co. has threatened to shut The Boston Globe unless the newspaper's unions swiftly agree to $20 million in concessions, union leaders said yesterday.
Paper reported to face $85m loss this year, as recession, Internet economy batter news industry

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