"Turmoil at L.A. Times: Layoffs, Departures, and Lawmakers' Intervention"
The Los Angeles Times is laying off at least 115 people, over 20% of its newsroom, due to heavy financial losses. Owner Dr. Patrick Soon-Shiong cited the need for drastic changes to build higher readership and sustainability, expressing disappointment with the newsroom guild's focus on a recent strike. Soon-Shiong also criticized past leadership and investments in Los Angeles Times Studios, emphasizing the paper's billion-dollar investment and dedication to its future.