The New York Times Company is threatening to shut down the Boston Globe:
The New York Times Co has threatened to shut The Boston Globe unless the newspaper’s unions agree to $20 million in concessions, The Boston Globe reported, quoting union leaders.
This is, of course, rich with irony. The Times endorses Big Labor’s legislative agenda pretty much down the line, but when it comes to its own business operations, it can’t help noticing that antiquated union contracts threaten its very existence. We’ve advocated bankruptcy for GM and Chrysler for exactly that reason. Maybe the Times, too, should take advantage of Chapter 11 to rid itself of unsustainable union contracts. And then maybe the Times’ owners, managers, editors and reporters should re-think their commitment to the destructive left-wing agenda of the labor unions.