The sale would come amid turmoil at the Times, which has suffered through years of cutbacks and a revolving door of leadership in top positions. LOS ANGELES—The owner of the Los Angeles Times is in talks to sell the newspaper to a billionaire medical entrepreneur. Word of the possible sale was met with cheers in the Times newsroom, according to tweets from reporters. Reporters at the Times were alarmed by recent hiring of several news executives who reported to business executives and not to news editors. Local ownership for the first time in 18 years would restore pride at the Times, said veteran media business analyst Ken Doctor.

Source: thestar February 07, 2018 00:51 UTC