A key Boston Globe union offered to negotiate cost cuts at the money-losing paper with parent company The New York Times Co on Tuesday in return for more power at the paper and a share of its revenue. The Boston Newspaper Guild is open to negotiating "immediate, significant labor cost savings measures" with the Times Co and the Globe management. The Globe reported that it is on track to lose $85 million this year and that the Times Co may close the paper if it cannot wrest cost cuts from the union and the paper immediately. The Newspaper Guild would agree to the talks if the Times Co and the Globe negotiate a revenue-sharing agreement with the union, and if the union gets a bigger decision-making role at the paper.
