Welcome to Market Revolution's blog

Thank you for visiting Market Revolution's blog.

We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

This is also our place to ruminate and comment on the world as we see it, we hope you enjoy and please join in.

Tuesday, 9 June 2009

Boston Globe determined to die?

The Boston Globe may not be saved after all..........

The paper’s largest union rejected $10 million in wage and benefit cuts, and afterward its owners The New York Times Co. imposed a 23 percent pay cut on its members. The 700-member union now plans to file unfair labor practice charges with the Labor Relations Board and hopes to block the cut.

The Boston Newspaper Guild is the only one of the paper’s four unions to reject the deal.

The Boston Globe is projected to lose $85 million this year.

No comments: