The ongoing merger between Newsweek and The Daily Beast moved one step closer to completion with the announcement by The Newspaper Guild of New York that it reached a framework agreement with Newsweek parent Harman Newsweek LLC.
Under terms of the pact, “a wide range” of editorial employees from The Daily Beast will be included under the existing collective bargaining agreement between the guild and Newsweek.
Daily Beast employees with pay below the minimums set by the existing CBA will be brought up to scale, and their seniority will be dovetailed with that of guild-represented Newsweek employees. And voluntary buyouts will be offered to certain classes of current Newsweek employees. From the announcement:
Under the framework agreement between the guild and Harman Newsweek LLC, non-supervisory editorial employees who produce The Daily Beast will be covered by the same contract that now covers many of Newsweek‘s reporters, editors, and other news employees, upon completion of the merger. The agreement was a necessary prelude to the completion of the merger of the two news organizations that was announced Dec. 6.
