9 months ago
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The 142-year-old paper’s billionaire owner, Dr Patrick Soon-Shiong, cited losses of nearly $40m for the decision
The Los Angeles Times said it was laying off 115 journalists – or more than 20% of its newsroom – the day after members of Congress warned in a letter that sweeping media layoffs could undermine democracy in a high-stakes election year.
The 142-year-old newspaper, which has one of the largest print circulations in the US, has also lost its editor-in-chief and managing editor in recent weeks. On Friday, the union representing the newsroom’s journalists held an unprecedented daylong walkout, urging Dr Patrick Soon-Shiong, the paper’s billionaire owner, to reconsider a planned staff reduction.
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