The New York Times has reached a new contract agreement with the union representing its newsroom employees, bringing an end to more than two years of contentious negotiations and a 24-hour strike.
The proposed agreement, once ratified, will provide immediate salary increases of up to 12.5 percent for union members, covering the past two years and 2023. It will also raise the minimum salary requirement to $65,000, a significant increase from the previous amount of around $37,500. Contractual raises have not been received by union members since 2020, as the previous contract expired in March 2021.
Under the terms of the contract, the median salary for reporters in the union would be approximately $160,000. The negotiating union, a part of the NewsGuild of New York, represents nearly 1,500 employees across various departments within the company, including the newsroom and advertising. The New York Times has over 1,800 people working in its newsroom.
The union has announced that members will vote on the ratification of the five-year deal in the upcoming week. Bill Baker, The New York Times Guild’s unit chair, expressed satisfaction with the agreement, stating, “This deal is a victory for all the union members who fought for a fair contract that rewards our hard work and sacrifice. It shows that the company cannot take us for granted and must be held accountable.”
Cliff Levy, a Times deputy managing editor, shared his support for the contract in an email to Times union members.
“From the beginning of this bargaining process, we’ve been determined to reach a contract that shows how much we value the contributions of NewsGuild members to The Times’s success,” Mr. Levy said.
The contract encompasses provisions regarding hybrid work arrangements and introduces paid sabbatical leave, granting four weeks off for every ten years of service at the company. The company has agreed that new newsroom positions, including any expansion into local markets, will be included in the union and receive fair minimum salaries.
The bargaining process for the contract was often intense, with disagreements arising over salaries, health and retirement benefits, and other matters. The union accused The Times of delaying negotiations and not sharing profits with employees, while Times executives cited the need for cautious budgeting amid economic uncertainty.
In December, members of the Times Guild organized a one-day strike, a rare occurrence for the publication. Last month, union members protested outside the company’s annual stockholder meeting and submitted a letter to publisher A.G. Sulzberger, signed by over 1,000 members, conveying their dissatisfaction. The letter stated, “Enough is enough.”
If approved, the new contract will cover the period from 2021 through February 2026. Union members will receive a one-time retroactive bonus of 7 percent of their base pay from the expiration of the previous contract.
Employees will receive initial salary increases on a sliding scale, with larger raises for those earning lower salaries. Those making under $100,000 per year will see an immediate 12.5 percent increase, while those earning over $160,000 per year will receive a 10.6 percent bump. All Guild employees will also receive a 3.25 percent increase in 2024 and a 3 percent increase in 2025.
Maddy Troy serves as a writer and editor for Barrett News Media, with a specific focus on media business, advertising, and podcasting. You can find her on Twitter @Troy_Maddy.
Tom Tradup Named Contributing Editor of All Israel News
Salem Radio Network Vice President Tom Tradup has been hired as Contributing Editor of All Israel News, the publication has announced.
In his new role, Tradup will coach the outlet’s writers and editors, and will also provide a weekly column about Israel, the Arab world, and U.S. policy in the Middle East.
“I could not be more thrilled that Tom Tradup has agreed to help All Israel News publish more great content and dramatically expand our traffic, reach, and influence,” founder Joel C. Rosenberg said.
Tradup will continue in his full-time role at Salem Radio Network, in addition to his new role with All Israel News.
“I’m honored to work with Joel Rosenberg and his awesome team. Given that they only launched on September 1, 2020, I’m astonished by just how much they’ve accomplished. They’re breaking stories that are getting picked up by much larger American and Israeli news outlets. They’re getting exclusive interviews with the most powerful leaders in Israel and the Arab world,” said Tradup.
“Also, they’re providing the best daily online coverage of what’s happening with Christians in Israel and the broader Middle East. TBN loves their work and has created a prime-time TV show with Joel as anchor and executive producer. And Joel is being interviewed by Fox News, Newsmax, the Jerusalem Post, and so many other major media outlets because of his expertise and unique perspective on the region.
“Clearly, the Lord is doing something very special here, and at this pivotal moment in history, I’m really looking forward to helping Joel and his colleagues build on this successful foundation and create exciting new content that educates Evangelical Christians about what’s happening in Israel and the region from a distinctly Biblical worldview.”
NAB CEO Curtis Legeyt Applauds Court Decision to Complete Quadrennial Review
“This ruling is an important step to compel a review that the record makes clear is necessary to allow local broadcasters to more fairly compete and deliver our trusted, locally-focused programming in a transformed media marketplace.”
A U.S. Court of Appeals has handed down a decision providing the FCC 90 days to complete the 2018 quadrennial review. The NAB has shared their pleasure with the decision.
“NAB applauds the Court for recognizing the vital importance of the FCC completing its long overdue 2018 quadrennial review. Today, broadcasters’ service to communities across the country is imperiled by the Commission’s failure to modernize its decades-old media ownership rules,” NAB President and CEO Curtis LeGeyt said. “This ruling is an important step to compel a review that the record makes clear is necessary to allow local broadcasters to more fairly compete and deliver our trusted, locally-focused programming in a transformed media marketplace.”
Earlier this year, the NAB threatened to sue the FCC if it did not respond to a request to postpone the 2022 review until the 2018 review was completed. FCC Jessica Rosenworcel subsequently shared that changes to the commission’s ownership rules were still a work in progress, despite the legal challenges facing the quadrennial review.
However, the broadcaster group has shared its intention of working together with the FCC to find a resolution.
“NAB looks forward to actively engaging with the FCC to forge a path forward and reinforce the essential service provided by free, local broadcast stations in communities across the country.”
X Will Be Turning a Profit in 2024 Says CEO Linda Yaccarino
“90% of the top 100 advertisers have returned to the platform in the last 12 weeks alone.”
The profitability of X, formerly Twitter, has been a hot topic since the social media platform was purchased by billionaire Elon Musk. His hand-picked CEO, Linda Yaccarino, says the company will be in the black in 2024.
While appearing at the Code Conference, Yaccarino said that since she has taken on the role of CEO, she know sees a path to profitability for the company.
“Now that I have immersed myself in the business, and we have a good set of eyes on what is predictable, what’s coming is that it looks like in early ’24, we will be turning a profit,” Yaccarino said.
During the interview, which has been labeled by observers as “odd” and “uncomfortable, Yaccarino claimed, “90% of the top 100 advertisers have returned to the platform in the last 12 weeks alone.”
In its first 13 years of operation, the social media company has yet to turn a profit. However, the insinuation of profitability by Yaccarino isn’t the first time she’s claimed the company was close to being in the black. In an interview with CNBC in August, she said the platform was “pretty close to breakeven”.
Yaccarino added that she views X as “a new company”, saying it’s a “new day”. She continued by noting that her belief is X is “building a foundation on expression and freedom of speech”, whereas Twitter was “operating on different sets of rules…different philosophies and ideologies that were creeping down the road of censorship”.