The Boston Globe has reached a "tentative" deal after month of talks with its largest union, Reuters reported.

The Boston Newspaper Guild is said to have agreed to a deal which includes a 5.94 percent pay cut and changes to contract that would affect job security. The concessions were negotiated down from the Globe's originally proposed sweeping 23 percent pay cut for all employees.

Guild members will vote on the new agreement on July 20. If the union accepts the deal, it could aid the paper's parent company, The New York Times Co., in the expected sale of the Boston Globe.