Por: MarketWatch Business January 24, 2024
Now, despite his great wealth — estimated at $5.4 billion by Forbes — Soon-Shiong’s appetite for absorbing the tens of millions of dollars in losses he has already incurred seems to be waning. On Tuesday, the paper began , close to 20% of its staff, just months after it dismissed 70 staffers. The latest layoff round has sent shockwaves through the news organization Soon-Shiong had promised to revive, with unionized staff organizing a... + full article
Los Angeles Times USA Business January 24, 2024
The Los Angeles Times announced Tuesday that it was laying off at least 115 people — or more than 20% of the newsroom — marking one of the largest workforce reductions in the history of the 142-year-old institution. The move comes amid projections for another year of heavy... + más
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The Daily Beast USA Nation January 24, 2024
Included in Tuesday’s sweeping layoffs at the that saw the paper axe 20 percent of its newsroom was its D.C. bureau chief and her deputy—just hours before polls close in New Hampshire for a pivotal GOP primary. Kimbriell Kelly just after noon, writing, “I was laid off... + más
Goldman Sachs just dropped the names of its biggest partner class since David Solomon took over as CEO. See the full list here. | Business Insider
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The New York Times USA Business January 19, 2024
There’s an old saying about the news business: If you want to make a small fortune, start with a large one.As the prospects for news publishers waned in the past decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of... + más
Los Angeles Times USA Business January 19, 2024
Los Angeles Times newsroom guild leaders called for a one-day walkout Friday to protest planned cuts to offset steep financial losses that owner Dr. Patrick Soon-Shiong and his family have absorbed since acquiring the paper nearly six years ago. The Times disclosed Thursday that... + más
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Los Angeles Times USA Business January 10, 2024
Los Angeles Times Executive Editor Kevin Merida announced Tuesday that he was stepping down 2½ years after joining The Times as its newsroom leader with a mission to strengthen the organization during a period of turbulence in the news industry. Merida’s exit, effective... + más
Times Executive Editor Kevin Merida is grilled by staff over 73 layoffs | Los Angeles Times
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Los Angeles Times USA Business July 11, 2023
Patrick Soon-Shiong and his family have sold the San Diego Union-Tribune to competing publisher MediaNews Group, slimming down the family's holdings to just one news organization — the Los Angeles Times. California Times President and Chief Operating Officer Chris... + más
Los Angeles Times' Billionaire Owner's Family Scrutinized For Reportedly Influencing Coverage | Vanity Fair
Los Angeles Times owners sell San Diego Union-Tribune to publishing powerhouse | ABC News
Vanity Fair USA Business September 24, 2022
-csHumu ecJSsw body body container article body data-journey-hook=client-content data-testid=BodyWrapper>On Sunday evening, Politico a lengthy story on turmoil inside The Los Angeles Times. Last year, the legacy newspaper , Kevin Merida, a veteran journalist intent on bringing... + más
The 1968 walkout didn't matter | Los Angeles Times
LA agencies failed to spend nearly $150 million in federal homeless grants, report says | ABC7
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