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☆ LA Times owner says Harris’ stance on Gaza war contributed to non-endorsement, plans editorial board revamp
▼ + stars: | 2024-11-13 | by ( Liam Reilly | Hadas Gold | ) edition.cnn.com time to read: +5 min

Three members of the paper’s editorial board resigned, scores of staffers openly protested, and thousands of readers cancelled their subscriptions as the Times was thrust into an uncomfortable spotlight. A new Editorial Board. After news of the Times’ non-endorsement broke last month, Soon-Shiong’s 31-year-olddaughter, Nika, told The New York Times that “our family made the joint decision” over Harris’ stance on the war in Gaza. As with the Times, the decision was handed down by the publication’s billionaire owner, Amazon founder Jeff Bezos, igniting a firestorm of controversy. Asked about whether the backlash over his decision not to endorse had been a “disaster” for the paper, Soon-Shiong pushed back.

Persons: Patrick Soon, Shiong, Kamala Harris, Harris, ”, “, Nika, ’, “ Somebody, ‘, Jeff Bezos Organizations: New, New York CNN, Los Angeles Times, Times, CNN, Editorial Board, Trust, New York Times, Washington Post, Amazon Locations: New York, Gaza

☆ Donald Trump weaponizes non-endorsements from The Washington Post and Los Angeles Times
▼ + stars: | 2024-10-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —The Washington Post, Los Angeles Times and USA Today may have declined to endorse a candidate in this year’s presidential election. “The Washington Post and Los Angeles Times, and all these papers. “Washington [Post] and USA Today, congratulations. A Washington Post spokesperson referred CNN to Lewis’ statement from last week. In the wake of the non-endorsements, more than 250,000 Post readers have canceled their subscriptions, while the Times reported more than 7,000 subscribers canceled for “editorial reasons.”CNN’s Kate Sullivan contributed reporting.

Persons: Donald Trump doesn’t, Trump, They’re, ”, “, we’re, Kamala Harris, Will Lewis, Lewis, Harris, Jeff Bezos, Patrick Soon, Bezos, ” CNN’s Kate Sullivan Organizations: New, New York CNN, Washington Post, Los Angeles Times, USA, Leadership, Times, Trump, CNN Locations: New York, North Carolina, “ Washington

"Presidential endorsements do nothing to tip the scales of an election. What presidential endorsements actually do is create a perception of bias. Ending them is a principled decision, and it’s the right one," Bezos wrote in a nine-paragraph article published on the Post's website Monday night. "I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it," Bezos wrote. There is no connection between it and our decision on presidential endorsements, and any suggestion otherwise is false."

Persons: Jeff Bezos, Bezos, Will Lewis, Lewis, Kamala Harris, Harris, Donald Trump, Dave Limp, Limp, —, Trump, David Hoffman, David Shipley, Hoffman, Semafor, Patrick Soon Organizations: Amazon, Washington Post, Post, NPR, Democratic, NBC News, Los Angeles Times, Trump Locations: Pennsylvania, spokespeople, American

☆ America’s CEOs don’t have the stomach for Trump’s promised revenge tour
▼ + stars: | 2024-10-29 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

While dozens of American business leaders — your Reeds Hoffman, your Marks Cuban, etc. “I was very grateful … for his willingness to stand up to the pressure from Donald Trump in 2015 … until now. That’s why 88 business leaders last month endorsed Harris. On the other hand, a little back-channeling and olive-branch-extending could give business leaders and their companies some goodwill in an administration helmed by a notoriously impulsive, vengeful leader. In a business world that craves certainty and economic stability, executives may be telling themselves that their silence is purely a business decision.

Persons: CNN Business ’, New York CNN —, Donald Trump, didn’t, Hoffman, Marks, Kamala Harris, Jeff Bezos, Trump, Marty Baron, Patrick Soon, Harris, Baron, CNN’s Michael Smerconish, Bezos “, Bezos, …, Elon Musk, “ Trump, ” Baron, NPR’s David Folkenflik, Steve Contorno, Alayna Treene, Tim Cook, Sundar Pichai, Andy Jassy, Mark Zuckerberg, it’s Organizations: CNN Business, New York CNN, Democratic, The Washington Post, Republican, Los Angeles Times, Saturday, SpaceX, Washington, LA Times, Apple, Trump, European Union, Las, Google, Amazon, CNN, Meta, White Locations: New York, Amazon, Las Vegas, Pennsylvania

☆ Daughter of Los Angeles Times owner says Harris endorsement was blocked over Gaza war support
▼ + stars: | 2024-10-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —The daughter of Los Angeles Times owner Patrick Soon-Shiong suggested on Saturday that herfather’s decision to block the newspaper’s endorsement of Vice President Kamala Harris was made over Harris’ support for Israel’s war in Gaza. “Our family made the joint decision not to endorse a Presidential candidate. Three members of the Times’ editorial board resigned over the decision. I’m proud of the LA Times’ decision just as I am certain there is no such thing as children of darkness. As with the Times, the decision was handed down by the publisher’s billionaire owner, Amazon founder Jeff Bezos, the newspaper reported.

Persons: Patrick Soon, Shiong, Kamala Harris, Harris, Nika, “, ” Patrick, “ Nika, ”, Barack Obama, Mariel Garza, ” Garza, Donald Trump, I’m, Trump, Jeff Bezos, ” Marty Baron, CNN’s Michael Smerconish Organizations: New, New York CNN, Los Angeles Times, New York Times, Apartheid, LA Times, CNN, Washington Post, Times, Amazon Locations: New York, Gaza

The decision not to publish the Harris endorsement was made by The Post’s owner, billionaire Amazon founder Jeff Bezos, according to the sources. We don’t see it that way," Will Lewis said in a statement about the decision published on The Post's website. The Post has endorsed a presidential contender in every general election since 1992. Trump sharply criticized Bezos during his presidency and derided the newspaper as "The Fake News Washington Post." Shortly after The Post announced its decision, Soon-Shiong tweeted a screenshot of an article about the news.

Persons: Harris, Jeff Bezos, Will Lewis, Lewis, —, Marty Baron, Baron, Donald Trump, Bezos, Trump, Karen Attiah, Kamala Harris, Semafor, Patrick Soon, Mariel Garza, Garza, Shiong Organizations: Washington, Amazon, NBC News, News Washington Post, Los Angeles Times, Columbia Journalism, White, Editorial, Post

☆ Washington Post reports that owner Jeff Bezos stopped it from endorsing Kamala Harris
▼ + stars: | 2024-10-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

The Washington Post won't endorse a presidential candidate in 2024. Sources told the Washington Post that the paper's owner, Jeff Bezos, made the decision. AdvertisementThe Washington Post said Friday it won't endorse a candidate in the 2024 election — or in any future presidential races. Advertisement"Donald Trump will celebrate this as an invitation to further intimidate The Post's owner, Jeff Bezos (and other media owners)," Baron told NPR. AdvertisementThe Washington Post did not immediately respond to a request for comment from Business Insider.

Persons: Marty Baron, Jeff Bezos, —, William Lewis, Lewis, Bezos, Kamala Harris, Donald Trump, Baron, Semafor, Patrick Soon, Shiong, Mariel Garza Organizations: Washington, Washington Post, Service, NPR, Post, NASA, Bezos, Sierra Space, Los Angeles Times, Business

☆ Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports
▼ + stars: | 2024-10-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision. "The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events. Trump, while president, had been critical of Bezos and The Post. Nor in any future presidential election."

Persons: Andrew Harnik, Kamala Harris, Donald Trump, Jeff Bezos, Trump, Boris Johnson, Michael M, Will Lewis, Lewis, Mariel Garza, Patrick Soon, Shiong, Garza, Marty Baron, Baron Organizations: Washington Post, Franklin, Democratic, GOP, —, Amazon, Pentagon, Microsoft, Trump, CNBC, British, Santiago, Getty, Post, Los, Columbia, The Locations: Washington , DC, New York City

☆ Washington Post will not endorse a candidate in 2024 presidential election, breaking decades of tradition
▼ + stars: | 2024-10-25 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —For the first time in decades, The Washington Post will not endorse a candidate in this year’s presidential election, the newspaper’s publisher announced Friday. “The Washington Post will not be making an endorsement of a presidential candidate in this election. Nor in any future presidential election,” Will Lewis said in a published statement. “We are returning to our roots of not endorsing presidential candidates.”The Post has endorsed a presidential candidate in every election since the 1980s. Trump called the Post “The Fake News Washington Post” and derided it as Amazon’s “chief lobbyist.”Trump directly accused Amazon of not paying enough taxes and taking advantage of the US Postal Service, among other claims.

Persons: “, ” Will Lewis, Lewis, ”, ” Lewis, Jeff Bezos, David Shipley, ” Shipley, Marty Baron, Donald Trump, Bezos, ” Baron, Trump, Amazon’s, ” Trump, Baron, Patrick Soon, Kamala Harris Organizations: New, New York CNN, Washington Post, Amazon, CNN, Bezos, News Washington Post, US Postal Service, Pentagon, Microsoft, Los Angeles Times Locations: New York, Washington

☆ Two more Los Angeles Times editorial board members resign amid turmoil over blocked Harris endorsement
▼ + stars: | 2024-10-25 | by ( Jon Passantino | ) edition.cnn.com time to read: +4 min

CNN —Two more members of the Los Angeles Times editorial board resigned Thursday after the newspaper’s owner blocked an endorsement of Vice President Kamala Harris, a contentious decision that has engulfed the publication in turmoil. Robert Greene, a Pulitzer Prize-winning editorial writer, resigned from his position over billionaire Times owner Patrick Soon-Shiong’s decision to veto the planned endorsement, he confirmed to CNN. The departures come one day after Mariel Garza, the leader of the Times’ editorial board, resigned over Soon-Shiong’s directive not to endorse Harris in the presidential race. Done.”The Los Angeles Times is California’s most widely circulated newspaper and one of the nation’s largest, with a Sunday print circulation of 1.6 million. “We remain deeply concerned about The Times’s owner’s decision to block a planned endorsement, and his statement that unfairly shifts blame onto editorial board members.

Persons: Kamala Harris, Robert Greene, Patrick Soon, Greene, holistically, “, ”, Harris, Donald Trump, ” Karin Klein, Klein, Mariel Garza, Shiong, Trump, Barack Obama, she’s, Garza, craven, — Organizations: CNN, Los Angeles Times, ”, Facebook, Trump, White, Columbia Journalism Locations: Angeles

☆ The Washington Post and LA Times just stepped into a bigger political mess than the one they tried to avoid
▼ + stars: | 2024-10-25 | by ( Peter Kafka | ) www.businessinsider.com time to read: +7 min

The Washington Post's non-endorsement of Donald Trump or Kamala Harris has kicked up controversy. AdvertisementExplaining the non-endorsement decision in LAAt the Los Angeles Times, owner Soon-Shiong posted on Twitter/X on Wednesday trying to explain the paper's non-endorsement. Earlier this summer, the Times' editorial board had already declared that Trump was "patently unfit for office" and "an imminent threat to democracy." "The non-endorsement undermines the integrity of the editorial board and every single endorsement we make, down to school board races. AdvertisementBut no matter what their intentions truly are, the Post and Times' non-endorsements are going to be seen as political statements — no matter what.

Persons: Donald Trump, Kamala Harris, —, it's, Patrick Soon, Jeff Bezos, Will Lewis, Dia Dipasupil, Marty Baron, Donald Trump's, Lewis, Bezos, I've, Shiong, Trump, Mariel Garza, hadn't, Nika Organizations: Washington, LA Times, Service, Los Angeles Times, Post, New York Times, Editorial, Times, Columbia Journalism Locations: New, New York, LA, Gaza

☆ Los Angeles Times editor Mariel Garza resigns after newspaper owner blocked plans to endorse Harris
▼ + stars: | 2024-10-23 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —The leader of the Los Angeles Times’ editorial board said Wednesday she has resigned from her post in protest after the newspaper’s owner blocked a decision to endorse Kamala Harris in the presidential election. “I am resigning because I want to make it clear that I am not okay with us being silent,” Mariel Garza told the Columbia Journalism Review in an interview. Garza told CJR the editorial board had intended to endorse Harris, who previously served as a US Senator from California and the state’s attorney general. “I didn’t think we were going to change our readers’ minds—our readers, for the most part, are Harris supporters,” Garza told CJR. “This is a point in time where you speak your conscience no matter what,” Garza told CJR.

Persons: Kamala Harris, “, Mariel Garza, ”, Patrick Soon, Barack Obama, Garza, CJR, Harris, ” Garza, Shiong, we’ve, Semafor, Trump, she’s, Terry Tang, ” “, don’t, Donald Trump Organizations: New, New York CNN, Los Angeles Times, Columbia, CNN, White, Editorial, Times, Trump Locations: New York, California

☆ L.A. Times Names Terry Tang as Executive Editor
▼ + stars: | 2024-04-08 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

She had previously worked as director of publications and editorial at the American Civil Liberties Union and as an editor at The New York Times for 20 years. “Terry is truly the best candidate to lead the Los Angeles Times’s journalism organization now and we’re fortunate she accepted the role,” said Chris Argentieri, the president and chief operating officer of The Los Angeles Times. Tensions between him and Mr. Merida rose before Mr. Merida’s departure, strained partly because of an incident over reporting about a wealthy doctor and his dog. Dr. Soon-Shiong tried to dissuade Mr. Merida from having the newsroom pursue the story, according to people with knowledge of their interactions. The company has said that Dr. Soon-Shiong had made a request for “truthful, factual reporting” on the story.

Persons: —, Tang, “ Terry, ”, Chris Argentieri, Patrick Soon, Merida’s, Shiong, Mr Organizations: American Civil Liberties Union, The New York Times, Los Angeles Times Locations: Angeles, Merida

Pitchfork announced it was no longer a freestanding music site, after digital publications BuzzFeed News and Jezebel disappeared last year. Even The Washington Post, whose subscriptions boomed during the Trump administration, has seen a falloff, leading its management to acknowledge that it was too optimistic in expansion plans and needed to cut costs. THE PATH FORWARD IS JUST AS BUMPYSome of the troubled outlets also have unique issues that contributed to their problems. “We need journalists in society, and we will find a way to fill that need,” he said. But in the short run, it's going to be ugly.”___David Bauder covers media for The Associated Press.

Persons: —, tacos, Jezebel, Conde, walkouts, ”, Didier Saugy, Gray, Jeff Jarvis, ” Jarvis, “, Trump, Jeff Bezos, Patrick Soon, Jarvis, Aileen Gallagher, that's, Elon Musk's, ” Gallagher, Jim VandeHei, haven't, Tara Dublin, Steve Reilly, you've, ___ David Bauder Organizations: National Press, Los Angeles Times, Business, Time, Washington Post, Pitchfork, Washington Post , New York Daily News, Conde Nast, Press Club, Northwestern University, New York Times, Hollywood, Philanthropy, Associated Press, MacArthur Foundation, Knight Foundation, ” Tech, Syracuse University, Google, Publishers, Facebook, Twitter, Sports, Axios, Politico Locations: Washington, Washington Post , New, United States

When Dr. Patrick Soon-Shiong, the billionaire owner of The Los Angeles Times, hired Kevin Merida to be the newspaper’s top editor nearly three years ago, he hailed the journalist as someone who would maintain the publication’s high standards and journalistic integrity. Their relationship was strained in part by an incident in December when Dr. Soon-Shiong tried to dissuade Mr. Merida from pursuing a story about a wealthy California doctor and his dog, three people with knowledge of the interactions said. The previously unreported incident occurred as The Los Angeles Times, the largest news organization on the West Coast, struggled to reverse years of losses amid a difficult market for newspapers. Mr. Merida resigned this month. It is not unheard-of for the owner of a publication to be consulted on sensitive reporting, particularly if it could jeopardize the newspaper legally or financially.

Persons: Patrick Soon, Kevin Merida, Shiong, Mr, Dr, Merida Organizations: Los Angeles Times Locations: Merida, California, West Coast

☆ News industry off to brutal 2024 start as mass layoffs devastate publishers, raising questions about future of journalism
▼ + stars: | 2024-01-25 | by ( Oliver Darcy | Jon Passantino | ) edition.cnn.com time to read: +8 min

The recent round of layoffs, while pronounced, are part of a much larger and unrelenting storm battering the journalism industry. Over the past 18 months, most news organizations have been forced to make difficult decisions to reduce their workforces. “I am sorry to say that I do not see turning around most legacy outlets,” Jeff Jarvis, the Leonard Tow Professor of Journalism Innovation at the Craig Newmark Graduate School of Journalism, told CNN. Dan Kennedy, a journalism professor at Northeastern University, noted some local news outlets have found financial sustainability. “There are reasons to be optimistic given the hundreds of independent local news organizations that have sprouted up in recent years,” he said.

Persons: Condé Nast, ” Jay Rosen, “, Jeff Jarvis, Craig Newmark, ” Jarvis, ” Rosen, Steve Bannon’s, Margaret Sullivan, Sullivan, ”, ” Sullivan, Jeff Bezos ’, Patrick Soon, Dan Kennedy, Shiong’s, Jeff Bezos, ” Kennedy, Rosen Organizations: CNN, Los Angeles Times, Business, Condé, Forbes, The New York Daily News, Washington Post, NPR, Vice Media, Sports, Vox Media, NBC News, CNBC, Gannett, Netflix, Columbia University, Google, Meta, New York University, Craig Newmark Graduate School of Journalism, America, Guardian, The Washington Post, The New York Times, “ Democracy, Jeff Bezos ’ Washington Post, Northeastern University, “ Billionaire, Minneapolis Star Tribune, Boston Globe, Journalists Locations: Covid, Jeff Bezos ’ Washington

LOS ANGELES (AP) — The Los Angeles Times plans to lay off 94 newsroom employees — one-fourth of its newsroom staff — starting Tuesday, a number that is substantial but less than feared, the head of the journalists union said. The announcement comes after the LA Times Guild walked off the job last Friday to protest the imminent layoffs, the first newsroom union work stoppage in the newspaper’s 143-year history. Matt Pearce, president of the Media Guild of the West, which encompasses the Times' union, called it a “dark day.” He said the layoffs represent one-fourth of the Times Guild's entire membership. “Many departments and clusters across the newsroom will be heavily hit,” Pearce said in a statement Tuesday. Pearce said the union's bargaining committee would meet with Times management on Wednesday to start discussions about the layoffs as set out by the contract.

Persons: Matt Pearce, ”, ” Pearce, Gray, Dr, Patrick Soon, Kevin Merida, Pearce Organizations: ANGELES, Los Angeles Times, LA Times Guild, Media Guild, Times, Washington Post, NPR, CNN, Vox Media, LA Times, Tribune Co Locations: Challenger

☆ Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’
▼ + stars: | 2024-01-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

The cuts will impact at least 115 journalists, a person familiar with the matter told CNN, or slightly more than 20% of the newsroom. A spokesperson for The Times, which is owned by biotech billionaire Dr. Patrick Soon-Shiong, did not immediately comment. “Today’s decision is painful for all, but it is imperative that we act urgently and take steps to build a sustainable and thriving paper for the next generation,” Soon-Shiong told James. Soon-Shiong told James on Tuesday, however, that he had lost the confidence of Merida and some high-ranking editors he had appointed. The owner also pushed back against the characterization that the newspaper is in trouble, telling James, “We are not in turmoil.

Persons: ”, Matt Pearce, Pearce, Patrick Soon, Shiong, Meg James, “, James, Kevin Merida Organizations: CNN, Los Angeles Times, The Times, Times, Democratic, Monday, LA Times, . Locations: Merida, California

☆ The Los Angeles Times plunges into ‘chaos’ as brutal layoffs loom and senior editors call it quits
▼ + stars: | 2024-01-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —The Los Angeles Times is in disarray. The Dr. Patrick Soon-Shiong-owned newspaper, which houses the largest newsroom in the western U.S., has been thrown into a state of mayhem as severe layoffs loom and senior editorial leaders abruptly call it quits. “I cannot overstate the level of chaos,” one staffer, who requested anonymity because they were not authorized to speak publicly, candidly told me on Monday. Then, news of forthcoming mass layoffs ensued, prompting the employee’s union to stage a historic one-day walk out on Friday. “All we are asking for is the opportunity for our newspaper and hardworking journalists to be fairly compensated, and for the L.A. Times to have a fair chance to become a self-sustaining institution.”

Persons: Patrick Soon, “, ”, Kevin Merida, Meg James, — Julia Turner, Sara Yasin, Scott Kraft, Shani Hilton —, alums Hilton, Yasin, Turner, “ Scott, Shiong Organizations: New York CNN, Los Angeles Times, BuzzFeed, alums, Kraft, Tribune Publishing, LA Times, LA Times Studios, Democratic, California, . Locations: New York, U.S

☆ Tensions Erupt at Los Angeles Times as Owner Weighs Deep Cuts
▼ + stars: | 2024-01-22 | by ( Benjamin Mullin | Katie Robertson | ) www.nytimes.com time to read: +1 min

Around twilight on Thursday, Los Angeles Times journalists gathered at Flora, a rooftop bar not far from the paper’s headquarters, to toast their departing editor, Kevin Merida. In the days since, internal negotiations between the company and the employee union have included talk of about 100 job cuts, or about 20 percent of the newsroom, according to two of the people, who also have knowledge about the discussions. It has put journalists at The Times at odds with their owner, the biotechnology billionaire Patrick Soon-Shiong. Those relations reached a nadir on Friday when employees walked off the job, in the newsroom’s first union-organized work stoppage in the 142-year history of the newspaper. The tensions escalated even further on Monday, after several of the state’s congressional representatives sent Dr. Soon-Shiong a letter raising concerns about the scope of the cuts and employees received a note informing them that two other senior editors had departed.

Persons: Kevin Merida, Patrick Soon Organizations: Los Angeles Times, The Locations: Flora, Merida

LOS ANGELES (AP) — Guild members of the Los Angeles Times walked off the job Friday to protest what it says are imminent layoffs, the first newsroom union work stoppage in the newspaper's 143-year history. The guild said members would also protest in other cities. Dr. Patrick Soon-Shiong, a biotech billionaire, acquired the Times in 2018, returning it to local ownership two decades after it was sold to Tribune Co. Political Cartoons View All 253 ImagesA Times' representative told the paper that revenue projections were under review and expenses were being carefully examined. “We need to reduce our operating budget going into this year and anticipate layoffs,” spokeswoman Hillary Manning said in a statement.

Persons: Patrick Soon, Hillary Manning Organizations: ANGELES, —, Los Angeles Times, Times, Tribune Co Locations: LA

There’s an old saying about the news business: If you want to make a small fortune, start with a large one. As the prospects for news publishers waned in the past decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of Amazon, bought The Washington Post in 2013 for about $250 million. Dr. Patrick Soon-Shiong, a biotechnology and start-up billionaire, purchased The Los Angeles Times in 2018 for $500 million. Marc Benioff, the founder of the software giant Salesforce, purchased Time magazine with his wife, Lynne, for $190 million in 2018.

Persons: Jeff Bezos, Patrick Soon, Marc Benioff, Lynne Organizations: Amazon, Washington Post, Los Angeles Times

☆ Another Billionaire Finds It's Hard to Run a Newspaper
▼ + stars: | 2024-01-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Another billionaire is having a hard time with his newspaper. That's because the LA Times is owned by billionaire Patrick Soon-Shiong, and it is losing money; even though Soon-Shiong is a billionaire, even billionaires have limits. Asked for comment, an LA Times spokesperson said that company leaders "don't generally make forward-looking statements about staffing levels and aren't able to comment further at this time." In 2021, The Wall Street Journal reported that Soon-Shiong was considering selling the LA Times itself , but Soon-Shiong said that was not the case. Last fall, for instance, The Washington Post — owned by Amazon founder Jeff Bezos — one of the richest men in the world — underwent giant staff cuts .

Persons: Patrick Soon, Jeff Bezos's Washington, Warren Buffett, —, Kevin Merida, Patrick, Shiong Axelle, Bauer, Griffin, It's, Shiong, doesn't, Jeff Bezos —, Warren Buffett — Organizations: Los Angeles Times, Jeff Bezos's Washington Post, Service, LA Times, LA, San Diego Union, Tribune, Street Journal, Washington Post, Amazon, Omaha, Alden Global Capital Locations: Merida, San Diego, Berkshire

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