The Boston Globe's problems are far from over

The New York Times Co. (NYT) may finally be ending the long-running soap opera around the The Boston Globe.

Under a tentative agreement between the publisher and the Boston Globe's largest union, reporters and editors will face significant cuts in wages, benefits and job security, according to a report in theThe New York Times. The deal is awful, including an 8 percent salary reduction, elimination of lifetime job guarantees for some employees and a five-day furlough, but it was better than a proposed alternative that called for a 23 percent salary reduction.