New York Times employees are refusing to return to the office this week as summoned. And suddenly there’s talk — even in the Washington bureau — about the one thing that could really cause the Times to run aground: a strike. ShawnMcCreesh reports
for a few years. I’ve seen a couple mutinies. This one feels different. It’s not about whiny millennials or “quiet quitting” or ideological schisms. It’s not even about returning to the office, really. It’s about money, and each time the staff is reminded of the boffo subscriber count and all the flotilla it has afforded their company to buy — Wordle and Serial and the Athletic — it just gets hotter down in the content engine room.
Rhoades-Ha says, “We presented the NewsGuild with a wage proposal that would offer contractual increases of 10 percent over the remaining two and a half years of the new contract. That is significantly higher than in recentGuild contracts.” Here’s where it gets complicated. Like, really complicated. That 10 percent figure is misleading — much of it has to do with this byzantine job-classification scheme they have there in which reporters are grouped by income bracket and job title.
That’s not the only thing A.G. Sulzberger and his CEO, Meredith Kopit Levien, might be thinking about. Just as the company is taking its sweet time to come up with a contract for its largest and most high-profile group, an activist investor called ValueAct has burrowed inside the, buying up a 7 percent stake in the company last month. They figure the revenues should be higher and are going to pressure the management to bundle up the new properties and wring more out of subscribers.
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