"Los Angeles Times Faces Financial Crisis with Massive Newsroom Layoffs"
The Los Angeles Times is facing a "financial crisis" and has initiated a round of layoffs, impacting at least 115 journalists, or more than 20% of the newsroom. The cuts include the Washington bureau chief and significant reductions to the business and sports desks. The newspaper, owned by biotech billionaire Dr. Patrick Soon-Shiong, is losing tens of millions of dollars annually and has faced leadership departures. Soon-Shiong defended the layoffs as necessary for the paper's sustainability, while Democratic members of Congress expressed concern over the impact on news quality and democracy. The industry-wide struggle is reflected in nearly 2,700 journalism job cuts in 2023.
- Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’ CNN
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- The Los Angeles Times plunges into ‘chaos’ as brutal layoffs loom and senior editors call it quits CNN
- Amid LA Times layoffs, how does America save journalism? Los Angeles Times
- L.A. Times to lay off at least 115 people in the newsroom Los Angeles Times
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