The Globe has cut jobs, wages, benefits and trimmed sections as its ad sales plunged. In April the publisher threatened to close the paper if unions
didn't agreed to $20 million in cost cuts. Times Co. has also been seeking to sell the Globe along with the rest of its New England Media Group.
While no longer a necessity, selling the Globe still remains an option, Robinson told the staff. Potential buyers plan to tour the newspaper in the coming days. Possible buyers include a group led by Stephen Pagliuca, managing director at Bain Capital LLC, and another led by Stephen Taylor, a member of the family that sold the Globe to Times Co. in 1993.
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