The board of the directors represents the shareholders, and they would likely not approve of any significant dilution. Again, the money has to come from somewhe

The board of the directors represents the shareholders, and they would likely not approve of any significant dilution. Again, the money has to come from somewhere. Either from revenues, or from the existing shareholders. The latter would just tell the union to pound sand, unless the Times is genuinely struggling to recruit talent (not likely).