Magazine content is available exclusively for TIME subscribers.Press: Front Page vs. Bottom Line
REAL ESTATE MOGUL ON THE ROPES. UNIONS BATTLE FOR SURVIVAL. The conflict had the makings of a tabloid-headline writer's dream. But the journalistic juices were not flowing as usual at the New York Post last week, as the gossipy newspaper itself became one of the biggest stories in town. The Post, founded in 1801 by Alexander Hamilton, faced the imminent prospect of closing unless unions coughed up some $19 million in wage and benefit concessions to satisfy the deadline demands of its owner, real estate developer Peter Kalikow. After marathon bargaining, a tentative settlement kept the tabloid alive -- for the...
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