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businessnews-media2 years ago

"Los Angeles Times Executive Editor Kevin Merida Resigns Amid Challenges"

Los Angeles Times owner Patrick Soon-Shiong is facing challenges as the newspaper continues to lose money, prompting the departure of its top editor and potential cost-cutting measures. This reflects a broader trend of billionaire owners struggling to sustain newspapers in the digital age, as seen with Jeff Bezos's Washington Post and Warren Buffett's divestment from newspapers. The future of newspapers may lie in nonprofit models like The Texas Tribune, as traditional ownership struggles to keep the industry afloat.

via Business Insider|
#billionaire-ownership#businessnews-media#los-angeles-times
businessnews-media2 years ago

"Los Angeles Times Executive Editor Kevin Merida's Departure"

Kevin Merida, the executive editor of the Los Angeles Times, announced his departure from the company after three years in the role, citing a decision made in consultation with the owner, Patrick Soon-Shiong. The newsroom was reportedly caught off-guard by the announcement. The organization is now conducting an internal and external search for his successor, while the newsroom's senior leadership team will oversee operations in the interim.

via Hollywood Reporter|
#businessnews-media#departure#executive-editor
businessnews-media2 years ago

"Kevin Merida Steps Down as L.A. Times Executive Editor"

Los Angeles Times Executive Editor Kevin Merida is stepping down after 2½ years, leaving the newsroom under strain and presenting a challenge to the paper’s owner, Dr. Patrick Soon-Shiong, who must find a new top editor. The Times has fallen short of its digital subscriber goals and needs a revenue boost. Merida's departure comes after a rocky year and a devastating round of layoffs last summer, with the newsroom union growing more restive after going more than a year without a contract.

via Los Angeles Times|
#businessnews-media#digital-subscriber-goals#kevin-merida
businessnews-media2 years ago

"Kevin Merida Resigns as Executive Editor of Los Angeles Times After Short Tenure"

Kevin Merida has resigned as the executive editor of the Los Angeles Times after less than three years in the role, citing a decision made in consultation with the publication's owner, Patrick Soon-Shiong. Merida's departure comes amid ongoing challenges for the Times, including transitioning to digital and financial losses. Soon-Shiong expressed commitment to the publication's mission and announced an internal and external search for a successor, with an interim leadership team already in place. Merida, who previously worked at ESPN and the Washington Post, expressed pride in the progress made during his tenure and optimism for the Times' future.

via Deadline|
#businessnews-media#executive-editor#kevin-merida