Boston Globe union, NY Times Co reach accord

The Boston Globe's biggest union reached a tentative accord early on Wednesday with owner New York Times Co to secure the money-losing newspaper's survival after a month of intense negotiations. The Boston Newspaper Guild, the lone hold-out of seven unions on a cost-cutting deal, agreed to a substantial pay cut, unpaid furloughs and changes in lifetime job guarantee provisions. The Guild, representing some 600 workers including the newsroom staff, has sought to preserve lifetime job guarantees, saying their elimination would pave the way for layoffs of some of the paper's highest-paid veteran staff.