Update: This post was originally titled "The Herald's excellent, incendiary Times Co. scoop." Alas, "scoop" was a poor term to use: a reader notes that Times Co. CEO Janet Robinson's salary was making the web rounds last week, and that Globe publisher Steve Ainsley's salary was cited by The Boston Channel yesterday. The original post follows.
I'm not sure why today's Herald scoop (written by Christine McConville) on the inflated compensation received by executives at the NY Times Co. and Boston Globe starts by focusing on stock options. The way the newspaper business is going, who'd want to invest in the Times Co.'s future?
But that really doesn't matter. On the same day the Boston Newspaper Guild, the Globe's biggest union, opened talks with management, the Herald has given the guild and the paper's other unions good reason to balk at coughing up the concessions the Times Co. demanded last week.
For the Herald, it's a hell of a twofer. The story gets the Boston media's attention--and, in addition, increases the probability of a union-management standoff. Which makes the worst-case scenario--i.e., the Globe actually shutting down--just a bit more likely.