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No deal in Boston Globe dispute Boston Globe crisis talks drag on
(about 2 hours later)
All-night talks between the Boston Globe and its unions ended without a deal on Monday - though will resume within the next few days. The owner of the Boston Globe has extended talks with unions to try to save one of America's best-known big city newspapers from closure.
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 owner, the New York Times, is asking Boston Globe staff to accept lower salaries and cuts in pension and redundancy benefits.
The owners want the unions to agree to $20m (£13.4m) in money saving measures. It has said it will file a notice with the government that it will shut the paper if there is no agreement.
The Boston Globe is expected to lose $85m this year.
Online competition
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.
Struggling
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.
Newspapers throughout the US have been struggling in recent years due to competition from online publications. The Boston Globe is the latest title to find itself crushed between a variety of forces, including falling sales, rising costs and declining advertising revenues, the BBC's Kevin Connolly in Washington says.
Our correspondent adds that the internet is the source of most of the American newspaper industry's problems: demand from readers forces them to publish information online instantly and consumers are then reluctant to pay to see the same news in print the following day.
At the same time, internet sites offer cheap - and sometimes free - competition for the classified advertising which once kept the industry going.
With no new business model in sight to resolve those problems it seems inevitable that more titles will close in future, our correspondent says.
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.