Boston Globe Alive Until Midnight

Many are awaiting a decision that would be widely felt across the publishing landscape tonight, as the beleaguered newspaper The Boston Globe desperately tries to stay afloat by striking a deal with its parent company, The New York Times Co. The paper’s union, the Boston Newspaper Guild, has offered up “deep cuts in our members’ pay and benefits,” said the guild president. The Times, and its chairman Arthur Sulzberger, are looking for $20 million in cuts from the 137-year-old paper, which was purchased in 1993 for $1.1 billion but whose value is now estimated to be $20 million. The deadline for an agreement is midnight on Sunday.