Boston Globe reporters vote to cut pay 9 percent

Things don't always go the way you planned. You do well in school, get a good job writing for a leading newspaper, and hope you'll have a comfortable and interesting career. Then along comes the internet, which scoops up your advertising revenue while giving away your reported content for free. You find yourself working in an industry that loses money and you are faced with two options: take a pay cut or lose your job.

That's the world of Boston Globe reporters in a nutshell. They work for an outfit that's expected to lose $85 million this year and whose parent company demanded $10 million in cost cuts so it can sell the Globe to someone looking for a trophy to brag about at the country club. Unfortunately, there is nothing that the Globe's owner can do to make it an attractive business.