The Economics at the Heart of the Times Union Standoff

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The Economics at the Heart of the Times Union Standoff
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“Employee morale at the Times is at a nadir,” ClareMalone writes. After two years of union negotiations, 77 per cent of the bargaining unit signed on for a walkout—the newspaper’s longest work stoppage since 1978.

employees gathered outside of 620 Eighth Avenue, the newspaper’s headquarters, to take part in a daylong strike. A little more than a decade ago, thehad used the building to help pay down its debts after taking out a two-hundred-and-fifty-million-dollar loan to stay afloat; today, the company occupies an enviable position in the hard-up world of media.

“I fear that NYT publisher AG Sulzberger is getting very bad advice from the NYT’s high-priced lawyers at Proskauer,” the formerlabor reporter Steven Greenhouse tweeted. “It’s hurting his image, the Times’ image & worker morale.

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