The LA Times offered buyouts to employees with at least two
years at the paper, CNN reported in
February.
Billionaire Patrick Soon-Shiong bought the
paper and the San Diego Union-Tribune from Tribune Publishing for $500 million
in summer 2018.
A “reliable source” said the LA Times has gone
from making $55 million in 2017 to losing $50 million last year, the New York
Post reported.
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