Boston Globe gets reprieve from closure

NEW YORK: The Boston Globe on Saturday won a temporary reprieve from closure, after owners extend a deadline for shutting down the newspaper until today.

Owners at The New York Times Co had threatened to shut down the daily at midnight on Friday unless unions at the money-losing concern agree to pay cuts and other cost-saving measures.

"Because there has been progression reaching needed costs savings, The Boston Globe will extend the deadline for reaching complete agreements with its unions," said Robert Powers, a spokesman for The New York Times Co.