NY Times to Close Boston Globe

Howard Kurtz reports in the WaPo today that the NY Times is moving forward with their plans to shutter the Boston Globe:

The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England’s most storied newspaper could cease to exist within weeks.

After down-to-the-wire negotiations did not produce millions of dollars in union concessions, the Times Co. said that it will file today a required 60-day notice of the planned shutdown under the Worker Adjustment and Retraining Notification law.

This is very bad news for Boston area residents, as Kurtz notes, “A Globe shutdown would leave the city with only one daily newspaper, the tabloid Boston Herald, which has just 10 news reporters and is battling its own financial difficulties.”

There’s on the negotiations between the Globe and the NY Times here.