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Latest The New York Times Company Stories

2009-06-09 09:45:25

The New York Times Co. said it would cut salaries 23 percent for Newspaper Guild members at the Boston Globe who voted down an 8.4 percent cut in pay. Guild members, on a 277 to 265 vote, narrowly defeated the contract proposal, that included pay reductions, a one-week unpaid furlough and cessation of company contributions to retirement plans, The New York Times reported Tuesday. In a statement, the Times said the Globe would cut salaries 23 percent effective next week. Newspaper Guild...

2009-05-06 08:26:18

The New York Times Co., owner of The Boston Globe, struck a tentative deal with the Globe's last holdout union in efforts to keep the newspaper in operation. Details of the Wednesday agreement with the Boston Newspaper Guild were not disclosed, but union President Dan Totten said the Times proposed a 23 percent wage cut and intimated that a large layoff can be expected regardless of the outcome of negotiations. The Times, which a month ago told unions that $20 million in concessions were...

2009-04-21 17:31:00

Signers determined to protect newspaper from threat of closure BOSTON, April 21 /PRNewswire/ -- The Boston Newspaper Guild today launched a petition to save The Boston Globe. The petition, which can be viewed at http://www.bgol.org/savetheglobe.html, expresses support for Boston Globe staff and calls on the New York Times Company to share responsibility with Globe workers to save the newspaper. The New York Times has threatened to shut down The Boston Globe unless it comes up with $20...

2009-03-25 14:26:00

Call for a Completion of the Historical Record on 9/11 at Pivotal Hearings in Aviation Cases Supported by The New York Times Company, Reporters Committee for Freedom of the Press NEW YORK, March 25 /PRNewswire-USNewswire/ -- Calling for truth, rather than secrecy, to be the legacy of the tragic events of September 11, 2001, attorneys for a group of 9/11 family members are presenting oral arguments today urging U.S. District Judge Alvin K. Hellerstein to release more than one hundred...

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2009-03-10 07:08:45

The New York Times Co. has finalized a sale-leaseback agreement for part of its Manhattan headquarters, in a move aimed at raising cash to pay down its debt, the newspaper company announced on Monday. The Times raised $225 million through the deal with investment firm W.P. Carey & Co. LLC for 21 floors of the newspaper's 52-story Renzo Piano-designed headquarters on Eighth Avenue, according to a statement the company released. The statement said that the lease term is 15 years and the...

2009-02-11 07:00:00

BURLINGTON, N.J., Feb. 11 /PRNewswire-FirstCall/ -- The New York Times and Franklin Electronic Publishers, Incorporated (NYSE Alternext US: FEP) today announced the creation of a handheld electronic version of the award-winning card game: SET(R). SET(R) is currently being offered on the crossword and game pages of www.nytimes.com and has quickly become one of its most frequently viewed pages. The electronic version of SET(R) from The New York Times and Franklin includes a color LCD display,...

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2009-01-28 17:09:59

The New York Times Co. said Wednesday that that its fourth-quarter earnings were down 48 percent from the previous year, and that its online sales fell for the first time ever as advertisers cut back on spending.  The company also said it would cease issuing monthly earnings reports. Although its quarterly results topped analyst estimates, the Times reported a net loss of $57.8 million for the year, compared with a net profit of $208 million in 2007. The Times, which owns the Boston...

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2009-01-26 08:00:00

The New York Times Co. is being sued by GateHouse Media, one of the largest publishers of community newspapers, for copyright infringement. Gatehouse claims that the Boston Globe website, owned by The New York Times Co., uses online material from Gatehouse without permission. According to GateHouse, the Boston.com website is taking GateHouse newspaper headlines from its "Wicked Local" websites.  In addition, the company alleges that links from Boston.com to "Wicked Local" stories...

2009-01-18 15:55:43

The cash-strapped New York Times Co. is talking to Mexican billionaire Carlos Slim about investing in the struggling company. Considered to be the world's second-richest person with $60 billion, Slim bought a 6.4 percent common share stake in the Times Co. in September for about $118 million. The Wall Street Journal said the telecommunications tycoon is interested in gaining a larger share of the company, the New York Post reported Sunday. The Post reported that Slim, 68, is discussing a...

2009-01-16 17:48:00

FAIRPORT, N.Y., Jan. 16 /PRNewswire-FirstCall/ -- GateHouse Media, Inc. (OTC Bulletin Board: GHSE) announced that today, The New York Times Company filed its Answer to GateHouse's Complaint in the action GateHouse Media Massachusetts I, Inc. v. The New York Times Co., in federal district court in Boston. GateHouse's lawsuit challenges the repeated conduct of defendant's boston.com since November 2008 in copying and displaying verbatim on boston.com's "YourTown" websites for the Boston...