BOSTON GLOBE IS TEMPORARILY SAVED - AT 10:12 A.M. ET:  From the financially stable Washington Times:

BOSTON (AP) -- The Boston Globe and its largest employees union reached a tentative agreement early Wednesday morning on concessions that will keep the 137-year-old newspaper publishing, the union president said.

The breakthrough came at about 4 a.m., said Dan Totten, president of the Newspaper Guild. He did not release details pending a meeting with Guild members scheduled for Thursday.

COMMENT:  The Globe is a venerable newspaper, but in recent years has veered sharply to the left, and often seems out of touch with reality.  Unless this is corrected, the concessions made by unions may turn out to be meaningless in the long run.  The Globe is owned by The New York Times, which has similar problems.

May 6, 2009