Media World: Boston Newspaper Guild in a Catch-22

The 700 members of the Boston Newspaper Guild, the largest union at The Boston Globe, are in a terrible Catch-22.

If they vote "yes" on the concessions sought by Globe parent the New York Times Co. (NYT), they face 8.3 percent wage cut, five-day unpaid furloughs and other cuts in benefits and pensions. The Times Co. has threatened to impose a 23 percent pay cut or shutter New England's largest newspaper.

"It looks like it's too hard to call," said Mark Jurkowitz of the Project for Excellence in Journalism, who has followed Boston media for years, in an interview with the DailyFinance. "There is still such tremendous uncertainty."