Will the NYT Co. really shut down the Globe?

Here are today's must reads about the news of The Boston Globe facing closure. You'll notice we are not filling up the post with Boston Herald garbage. 

Will they pull the trigger? - Steven Syre The Boston Globe

Will the Globe survive? - Adam Reilly The Boston Phoenix

Sox: Henry not in talks to buy The Globe - Business News The Boston Globe

Globe Guild leader takes heat as talks divide staff - Robert Gavin The Boston Globe

Globe union talks accelerate as deadline nears - Business News The Boston Globe

A note worthy exert from Adam Reilly's piece:

"Curiously, in terms of readership (as opposed to circulation), the Globe is actually doing well: while weekday print circulation dropped from about 382,000 to 302,000 in the past two years, boston.com, the paper's Web site, attracted 5.7 million unique visitors in the month of February. (The Herald'sweekday print circulation fell more steeply, from 201,000 to 150,000.) And the circulation revenues for the Times Co.'s New England Media Group, a subgroup of publications that is dominated by the Globe, are almost unchanged ($38.5 million in early 2007, $38.1 million in early 2009)."

And the big picture of it all, the problem is ADVERTISING people. Boston.com advertising vs. paper advertising doesn't equal out.

That plus the union leaders = a much bigger problem.