The Boston Globe

The Boston Globe is a liberal daily newspaper in Boston, Massachusetts. It is considered the most important newspaper in New England and is one of the most prestigious leaves in the USA.

History

The Boston Globe was founded in 1872 by six Boston businessmen, among them Eben Jordan, who alone invested $ 150,000. The first issue was published on March 4, 1872 and cost four cents. Initially, the newspaper was published only from Monday to Friday. A Saturday edition was published in 1877. From 1878 to 1979 an additional daily afternoon edition was published called The Boston Evening Globe.

The newspaper was moved to 1973 by a private company, which then went public under the name Affiliated Publications. The newspaper continued to be operated by the heirs of Charles H. Taylor, who took over the leadership of the newspaper in 1873. 1993 Affiliated Publications was bought for $ 820 million from the The New York Times Company.

Due to the ongoing crisis of the U.S. newspaper industry and because of the current economic crisis demanded the NYT Co. on the 13 unions in the newspaper to save $ 20 million in 2009 dollars within a month to the end of April. Otherwise it's going to be closed, otherwise by the end of a loss of $ 85 million dollars was to be expected due to the economic crisis. After tough negotiations, the NYT Co. agreed with the trade unions in particular on the following savings: 8.4% salary cuts, five days unpaid leave, no pension increases, a 37.5 hour week instead of 40 hours, and the elimination of various bonuses such as life insurance, eye care costs, education reimbursement. Especially fought were the guarantees of lifetime employment for 190 members of the journalists' union Boston Newspaper Guild, which also fell victim to the austerity measures. Media observers expressed Although relieved that for the time being averted disaster a closure of the sheet, but the employees themselves are less confident.

The newspaper had in September 2002, a daily circulation of 467 745 pieces, 2008, the weekday edition of 350 605 copies and in 2009 dropped to 303,000 pieces. The editors of the Boston Globe have won a total of 21 Pulitzer Prizes, nine of them during the era of the New York Times Co.

In August 2013, the New York Times sold the Globe, the related local issues and their marketing agency to the Boston entrepreneur and owner of the baseball team Boston Red Sox, John W. Henry. The purchase price was under $ 70 million, a fraction of the 1.1 billion that the NYT had paid in 1993. As the New York Times Company in the contract, the pension payments of the Boston Globe retained, which are estimated at approximately $ 110 million, the NYT is still ultimately pays $ 40 million to the Globe leave.