Newspaper Guild News
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The New York Times Co. and the union representing employees at its flagship newspaper have reached a tentative agreement after more than 18 months of negotiations.
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New York Times Co. incoming Chief Executive Officer Mark Thompson is going public to defend his leadership at the British Broadcasting Corp. amid calls for the newspaper company to reevaluate its CEO choice.
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Newsweek, owned by Barry Diller’s IAC/InterActiveCorp, will become an online-only publication next year, ending 80 years as a print magazine.
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New York Times Co. contacted union leaders about restarting contract negotiations a day after the publisher announced last week the retirement of Chief Executive Officer Janet Robinson, according to the local Newspaper Guild.
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New York Times Co., after losing $7 billion in market value since 1999 amid plummeting industry advertising sales, is better positioned than ever to go private as Mark Thompson takes the reins.
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Philadelphia Newspapers LLC will seek bankruptcy court approval for its reorganization plan while the group buying its Philadelphia Inquirer and Daily News dailies for $139 million continues contract talks with unions.
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Lenders to Philadelphia Newspapers LLC, the bankrupt owner of the Philadelphia Inquirer, won an auction for control of the publisher against a group led by billionaire Ronald Perelman after almost 30 hours of wrangling.
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Mark Thompson, hired as the New York Times Co.’s chief executive officer this week, will receive a pay package totaling as much as $10.5 million, including an annual salary of $1 million.
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Philadelphia Newspapers LLC agreed to pay union pension funds as much as $1.5 million to clear the last major hurdle to the publisher’s plan to exit bankruptcy under the ownership of its lenders.
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Tribune Co. is eliminating jobs in its Baltimore Sun newsroom as it seeks to cut debt.
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