[Source]The Los Angeles Times reportedly lost approximately $50 million in 2024 under owner Dr. Patrick Soon-Shiong, following a roughly $30 million loss in 2023. The latter decision reportedly triggered the loss of some 23,000 digital subscribers by January. According to internal metrics reported by AdWeek, total subscribers had fallen to about 335,000 by early 2025, far below the publisher’s goal of 5 million readers. The Pacific Palisades fires further damaged revenues by destroying homes in wealthy neighborhoods with high concentrations of valuable print subscribers. Trending on NextShark: Virginia school officials respond to middle schooler’s bullying of 5-year-old Asian boySubscribe free to join the movement.

Source: The Times May 05, 2025 14:43 UTC