New York Times to Boston Globe: We can close you like that! Poof!

Well, this is depressing. The New York Times Co., owner of the Boston Globe, is threatening to close Boston / New England's biggest newspaper if the unions don't concede to pay cuts.

New York Times threatens to close Boston Globe

Here's more depressing news, from local quarters:

MediaNews, the Denver-based owner of the St. Paul Pioneer Press, has been slow in paying off its debts. Skipping debt payments was a strategy of the Pioneer Press' main competitor, the Minneapolis Star Tribune, just before declaring bankruptcy.

MediaNews skips payments