Wednesday, June 10, 2009

$85 in losses a bit of a smudge job

The Boston Globe is not really losing $85m a year. So says analyst Rick Edmonds. Here via Dan Kennedy.

This explains why the NYTimes is happy going forward with $20 million in cuts from union employees.

It also makes me agree with Globe union employees: Why did lower level workers have to make up the entire $20m in losses? What has management sacrificed?

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