Newspaper Guild of New York president Bill O’Meara sends this email:
The Guild and The Times have reached conceptual agreement on a new five-year contract. The tentative compromise reached late today with the aid of a mediator is subject to ratification by Guild members.
At the request of Mediator Martin Scheinman, details will not be released until language is finalized. The Guild Negotiating Committee has voted to support the settlement, which preserves a Defined Benefit Pension, protects the jointly trusteed medical plan, and includes increases in compensation.
We will provide more information in coming days, and a ratification meeting will be scheduled in the near future.
UPDATE: Here’s Times executive editor Jill Abramson’s email about the tentative deal:
Date: Sun, Oct 28, 2012 at 9:28 PM
Subject: A Message From Jill
Amid the storm, I’m pleased to announce a bit of good news. The Newspaper Guild and The Times tonight reached a tentative agreement in concept on a new five-year contract. The agreement still needs to be put in writing, and until that is done, the mediator, Martin Scheinman, has asked that we not divulge any details. We will let you know when there is more to say.