The New York Daily News settled with the printers' union for a 21% pay increase over three years. Would the World Journal Tribune go along? "All they can do is pay or shut down," said Printers Boss Bert Powers flatly. Last week the W.J.T. shut down.
W.J.T. President Matt Meyer bore out Powers' snap analysis. "Since the W.J.T. began publication in September of last year," he said, "we have contributed over $10 million to keep the paper alive. In addition to this, severance payments of $7,000,000 were made by the three predecessor papers to former employees. Our losses are...
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