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It was unclear whether the Globe's other unions had made proposals for the remaining $10 million in cuts. The Times co. would not comment on the Guild's proposal. Like many other newspapers, the Globe has been struggling amid declining advertising revenues and dropping circulation as readers migrate to the Internet. The Globe had $50 million in operating losses in 2008 and is projected to lose $85 million this year. The Times Co., which bought the Globe in 1993, has said that of all its newspaper properties, the Globe has been the most dramatically affected by the recession and the advertising downturn. New York Times Co. Chairman Arthur Sulzberger Jr. said at the company's annual shareholders meeting last month that more needed to be done to align the Globe's costs and revenues.
[Associated
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