Optimism for Philadelphia Bulletin Concessions Averts Closure
The Philadelphia Bulletin and labor attorney leaders voiced optimism that unions would concede to concessions to prevent the 134-year-old paper from folding. Executives and department heads described the mood as upbeat as talks continued ahead of Sunday. The Union praised employer trust, while Charter Co reported the paper lost 13.4 million in 1980 and 10.3 million in the first half of 1981.