Financial Times FT.com

US newspapers eye government support

By Kenneth Li in New York

Published: May 10 2009 23:31 | Last updated: May 10 2009 23:31

A tentative, eleventh-hour agreement struck between The New York Times and the Boston Globe’s labour unions has meant that Senator John Kerry’s hometown newspaper has been rescued.

The New York Times has been locked in dispute since early April with labour unions at its lossmaking Boston Globe over $20m in cuts that included the elimination of lifetime job guarantees, but reached a truce last week.

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