WBUR Radio’s Web site is breaking a story that I’ve been hearing in bits and pieces since mid-afternoon. All that’s there right now is a headline: “New York Times Co. Threatens To Close Boston Globe.”
I’ve heard more, but given that I’ve only talked with two people about it, I think it would be wiser just to let this develop. We’ll all know more soon enough.
Soon enough comes five minutes later: Adam Reilly appears to have broken the story, and he has more details. Those details are in alignment with what I’ve heard: $20 million in union concessions within 30 days, with possible cuts to pension contributions and the end of lifetime contracts.
I am told the Times Co. is serious as a heart attack regarding its threat to close the paper.
Update No. 2: In reading the chatter on Twitter, I now think ‘BUR broke the story, and Reilly quickly followed with details that he already had accumulated.