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Boston Globe talks pass deadline No deal in Boston Globe dispute
(about 8 hours later)
Talks between the Boston Globe and its unions continued past a midnight deadline amid threats that the newspaper could be closed within weeks. All-night talks between the Boston Globe and its unions ended without a deal on Monday - though will resume within the next few days.
Its owner, The New York Times, said it would file a notice with the government on Monday that it would shut the paper if there was no agreement on cost cuts. Its owner, the New York Times, said it would file a notice with the government that it would shut the paper if there was no agreement on cost cuts.
The owners want the unions to agree to $20m (£13.4m) in money saving measures.The owners want the unions to agree to $20m (£13.4m) in money saving measures.
Guaranteed jobs for life are expected to be a sticking point, with the unions saying they are not negotiable.Guaranteed jobs for life are expected to be a sticking point, with the unions saying they are not negotiable.
The Globe is expected to lose $85m this year.The Globe is expected to lose $85m this year.
StrugglingStruggling
The biggest union, the Boston Newspaper Guild, said it had offered more than $10m in concessions.The biggest union, the Boston Newspaper Guild, said it had offered more than $10m in concessions.
There was originally a Friday deadline for agreement, which was extended after some progress was made.There was originally a Friday deadline for agreement, which was extended after some progress was made.
Talks are understood to be continuing into Monday.
Newspapers throughout the US have been struggling in recent years due to competition from online publications.Newspapers throughout the US have been struggling in recent years due to competition from online publications.
At least 12,500 jobs have gone in US print journalism in the past two years.At least 12,500 jobs have gone in US print journalism in the past two years.