A federal judge on Tuesday lifted a controversial order requiring The Los Angeles Times to delete information in an article published over the weekend. U.S. District Judge John Walter walked back his original decision after the Times protested with the support of newsrooms across the country, citing First Amendment concerns.
Scott Kraft becomes managing editor. Kris Viesselman, on Monday joined The Times in the newly created position of chief transformation editor and creative director. Kimi Yoshino, 46, who has served as business editor for the last four years, becomes deputy managing editor, overseeing sports, business, arts, entertainment and lifestyle coverage.
Dr. Patrick Soon-Shiong, who will soon take over the newspaper, dropped a bombshell to employees on Friday: He is moving the offices to El Segundo.
Former Los Angeles Times editor-in-chief Lewis D’Vorkin and dozens of other employees of Tronc Inc. were dismissed on Thursday. The cuts, which were made in a joint meeting with all the laid off employees present, included Tribune Interactive’s Los Angeles-based video and online content teams, which operate separately from the Los Angeles Times. No information on the total number of layoffs was immediately available.
Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership. But a lot of questions remain about where Patrick Soon-Shiong will take his new prize.
Biotech billionaire Patrick Soon-Shiong has agreed to purchase the Los Angeles Times from its parent company Tronc, restoring local ownership and perhaps ending a turbulent period for the storied 136-year-old institution. Chicago-based Tronc on Wednesday announced the sale of The Times and the San Diego Union-Tribune to Soon-Shiong’s investment firm Nant Capital for nearly $500 million in cash. In addition to the purchase price, the deal includes the assumption of $90 million in pension liabilities.
The owner of the Los Angeles Times is close to a deal to sell the newspaper to Patrick Soon-Shiong, a billionaire Los Angeles doctor, two people familiar with the negotiations said Tuesday. The $500 million deal comes amid months of turmoil at the Times, including upheaval in the editorial and management ranks. The transaction would include the Times and the San Diego Union-Tribune, these people said. Soon-Shiong is a major shareholder in Tronc, the parent company of the Times.
After years of painful, protracted decline, the Los Angeles Times has recently descended into chaos: There have been three editors-in-chief in less than six months; the publisher has been put on leave for prior sexual harassment allegations; and the newly unionized staff already fears that the owner is trying to bust up their union. Mistrust is high, morale low. The ultimate fate of the paper is an open question in the newsroom.