Press: Front Page vs. Bottom Line

The New York Post is reprieved, but tabs are still in trouble

REAL ESTATE MOGUL ON THE ROPES. UNIONS BATTLE FOR SURVIVAL. The conflict had the makings of a tabloid-headline writer's dream. But the journalistic juices were not flowing as usual at the New York Post last week, as the gossipy newspaper itself became one of the biggest stories in town. The Post, founded in 1801 by Alexander Hamilton, faced the imminent prospect of closing unless unions coughed up some $19 million in wage and benefit concessions to satisfy the deadline demands of its owner, real estate developer Peter Kalikow. After marathon bargaining, a tentative settlement kept the tabloid alive -- for the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!