The New York Post staggered back to life Monday after unions agreed to $ 6.2 million in reduced operating costs “to stop the bleeding” at the nation’s oldest continuously published daily.
Journalists — who still had not agreed on a new contract — and production workers rushed back and worked frantically to prepare a Tuesday edition, the first since publisher Rupert Murdoch locked the doors Friday.
The decision to publish came after the 10 production unions agreed to the reduced costs and the Newspaper Guild agreed to return to work while continuing to negotiate a new contract.
The unions weren’t negotiating from a position of strength. The Post has been operating in bankruptcy, and Murdoch, who took over the paper in March, demanded the concessions after appearing as the Post’s last hope for survival.