Say it isn't so

I just read a link on the Cape Cod Times newsite that the Boston Globe is on the brink.I can't beleive that the Globe of all Papers is in trouble but it seems the parent company NYTimes has ordered drastic cuts and union concessions or the Globe goes down.Whats even harder to swallow is the Cape Cod Times link came from the Boston Herald a worthless rag if there ever was one.When literate cities like Boston and San Francisco's main newspapers are on the brink it really shows how bad things are in the print buisness.I can't picture Boston with the Herald as the only remaining newspaper.Edit,I just read the article on the Boston Globe site and indeed the threat is real though the Globes article is much more in depth.