Explore Business Standard
Los Angeles Times
The number of newspapers endorsing a candidate for president has dwindled with the industry's financial troubles the past two decades, in part because owners reason that it makes no sense to alienate some subscribers by taking a clear stand in a politically polarising time. Yet in the past week, The Washington Post and Los Angeles Times have angered readers for precisely the opposite reason: by choosing not to select a favoured candidate. The fallout from both decisions continued on Monday, with Post owner Jeff Bezos taking the unusual step of publicly defending the move in the columns of his own paper. Three members of the Post's editorial board resigned their positions and some journalists pleaded with readers to not express their disapproval by cancelling subscriptions. Many thousands have already done so. Bezos, in a note to readers, said it was a principled stand to ditch endorsements. People essentially don't care and see it as a sign of bias, he said. His comments appeared ..
The Los Angeles Times on Wednesday announced plans to cut 74 jobs due to economic challenges as the newspaper strives to transform itself into a digital media organization. In a message to staff, Times Executive Editor Kevin Merida wrote that employees whose positions are eliminated from the Pulitzer Prize -winning newspaper were being notified and that a staff meeting was scheduled for Monday to answer questions. We have done a vast amount of work as a company to meet the budget and revenue challenges head on. But that work will need acceleration and we will need more radical transformation in the newsroom for us to become a self-sustaining enterprise, Merida wrote. The cuts will eliminate about 13% of newsroom positions and affect full-time and temporary workers including editors, audio producers and managers, the Times reported. The cuts follow a series of layoffs at news organizations including the Washington Post and NPR. The move also comes days after journalists at two dozen