Philadelphia MagazinePhiladelphia Inquirer and Daily News chief
Brian Tierney told his unions today that there will be "a dire situation" by summer or fall if the company can't find ways to cut costs by 10%. A guild release says: "[The company] did not say what would happen if savings targets are not met, but made references to outsourcing jobs overseas. Tierney said he is determined to not lose investors' money." Company execs plan to meet one-on-one with each union to discuss ways in which savings might be achieved.
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"I don't know if it's real," says Kinney. "I don't know if it's a bluff." (PM)
Philadelphia Inquirer and Daily News chief Brian Tierney told his...
