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Apr 7, 2009

Cutting costs at the Boston Globe

The price of the Boston Globe will jump on May 4 in an effort to keep the company "viable," according to reports from the Boston Herald.
Weekday price for the Globe will reach $1.50 and Sunday's paper will be $3.50 in Eastern Massachusetts and $4 elsewhere.
Yesterday, Bloomberg reported that the New York Time Co. was working with the Globe to fund $20 million in new savings.
The report said that shutting down the newspaper is among the options Times Co. is considering, according to Boston Newspaper Guild President Dan Totten.

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