LA WATCHDOG - In June of 2018, Patrick Soon-Shiong purchased the Los Angeles Times and San Diego Union-Tribune for an exorbitant price of $500 million (plus $100 million in pension obligations), rescuing it from the owners of the Chicago Tribune. He also invested in The Times’ newsroom, hired a new publisher, and moved our paper of record to a modern headquarters in El Segundo. What was a surprise is that The Times eviscerated the Sports Section in sports crazy Southern California. Today, a home delivered subscription for The Times costs about $500 a year while a digital subscription is around $200. For example, is the City using our money effectively to reduce homelessness?

Source: Los Angeles Times September 19, 2023 01:38 UTC