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Stock impact report

NY Times union members to walk out after contract talks miss deadline [Financial Post (Toronto, Ontario, Canada)]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Financial Post
The union, part of the NewsGuild of New York, had pledged the 24-hour walk-out last week if a contract was not reached by Dec. 8. It will mark the first time New York Times employees have participated in a work stoppage since the late 1970s and comes amid a growing labor movement across the United States in which employees from companies such as Amazon, Starbucks Corp and Apple Inc have organized in an effort to push back against what they say are unfair labor practices. The New York Times issued a statement confirming the strike. “It is disappointing that they are taking such an extreme action when we are not at an impasse,” the company said. In the media industry, journalists at the Pittsburgh Post-Gazette, owned by Block Communications Inc, and the McClatchy-owned Fort Worth Star-Telegram are currently on open-ended strikes. On Nov. 4 over 200 union journalists across 14 Gannett-owned news outlets – including the Desert Sun in California and New Jersey's Asbury Park Press – Show less Read more
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