The right-leaning billionaire owner's attempts to remake the L.A. Times have reportedly lost the paper millions in

[applegrove]

https://bsky.app/profile/thedailybeast.bsky.social/post/3lnxxvhg5j22c

The Daily Beast:

"The right-leaning billionaire owner's attempts to remake the L.A. Times have reportedly lost the paper millions in subscriptions and ad revenue".

[msongs]

1. good. used ta be a good paper nt

[Demovictory9]

2. i dropped my subscription

[RainCaster]

3. link

https://www.thedailybeast.com/maga-billionaire-leads-la-times-to-lose-50-million/

[applegrove]

4. The National Post, a Canadian Right paper, ran at a loss

for decades. It still may.

[erronis]

10. Same for the Washington Times. They don't want profit - they want dumb eyeballs.

[applegrove]

11. It is sick.

[UTUSN]

5. K&R

[marble falls]

6. It is truly sad to see what has happened to great newspapers in this country. LA Times used to be good.

[wolfie001]

15. The wealthy do not like a free press

Mostly

[rpannier]

18. When the wealthy say free press, they mean the press works for free

[wolfie001]

22. Oh yes! I grew up in the DC area and The Washington Post was always looking to cut the reporting

......to save a few bucks. It was the brave reporters that always got their hands dirty. The publishers? Not so much. Oh, but the cocktail parties and the glad handling. Sickening.

[Wicked Blue]

23. And then Jeff Bozo bought the Post and promptly killed off the entire Gazette newspapers chain

that the Post had acquired. The Gazette papers included ones in Maryland as well as Northern Virginia.

Then the Post reduced its own local coverage to practically zero. I used to say that one particular reporter who covered Montgomery County only woke up from her coma if some big developer was announcing plans for some huge development.

As a result of all this, and also because of the death of the small daily Journal newspapers some years earlier, there is almost no local coverage in the suburbs around DC.

The Gazettes used to do intensive coverage of county and local government, schools, businesses and community events. They printed scores for local sports leagues, even kids' swim team results. People actually knew what was going on locally.

[wolfie001]

24. Yes, he finished it off

It's gone now. The Gazette was a great resource. I used it to rent out a condo and the response was amazing. I'll never be a landlord again.

[dchill]

7. Gee that's too bad.

Maybe he should sell it. At a loss, preferably.

[moonshinegnomie]

8. i suspect the same i shappening to the washington post

i know i dumped them

[wolfie001]

13. Oh yeah! Big time!

[img][/img]

[not fooled]

9. Otis Chandler's legacy trashed.

https://en.wikipedia.org/wiki/Otis_Chandler]

In 1960, he became publisher of the Los Angeles Times. He quickly increased the budget of the paper, allowing it to expand its coverage. This coincided with the shift of the paper's editorial stance from overtly conservative to independent. Under Otis Chandler, The Times became a critically lauded newspaper.

When Chandler took the job, the paper had only two outside offices. During his tenure it would expand to 34 foreign and domestic bureaus.[1]

In 1966 Chandler received the Elijah Parish Lovejoy Award as well as an honorary Doctor of Laws degree from Colby College. Chandler retired as publisher in 1980 at the age of 52 to become chairman of Times Mirror, reducing his involvement in the day-to-day operations of the company. The decision stunned the staff and outside observers, many of whom expected him to serve much longer.[1]

In 1986, Chandler won the Walter Cronkite Award for Excellence in Journalism to honor his years of service to the newspaper.[3]

From a giant to a midget running the paper.

[wolfie001]

12. I wish someone would grab his wig and pull it off

Another billionaire freak. They're all the same. Bezos, Thiel, Musk, Zuckerberg. Fucking up the world.

[calimary]

14. They might as well sell it all for 30 pieces of silver.

[AStern]

28. If anything, they prove that money doesn't buy happiness

nt

[BigmanPigman]

16. I canceled the LA Times, NY Times, Wa Po...

1 1/2 years ago. I regret I didn't do it sooner. The reason for that choice was from 2016!!!!!


All the different resistance group in 2016 told Dems how to stop tRump BS. One of the first things on their "to do" list was to support Dem newspapers and media since they "told the truth".
What a bunch of fucking shit!!!! I did NOT subscribe to any newspapers. Dutiful me, a Dem who cares, was conned "BIGLY". I am so angry with the Corporate Dem donors in 2024 and how they forced Biden out! I will never forgive the Fucking Media and the Corporate Dem Doners.


They are all the same....greedy assholes who do NOT care about the US, they only care about the $$$ in their Swiss Bank accounts.

The Corporate Dems and the GOP are identical!!! Do not trust or support any of them EVER!!!!! That is why we are in this fucking shit all over again and now it's twice as bad. The BIG MONEY DEMS AND GOP HAVE IDENTICAL AGENDAS!!!

[ibegurpard]

17. They aren't in it for profit

It's a loss leader for their propaganda

[Hekate]

19. It was a great regional newspaper. Many excellent columnist s remain. Yet I have left...

It made me sad, but I’m done

[republianmushroom]

20. L.A. Times lost mine.

[markodochartaigh]

21. If our democratic government would

be threatened by a foreign power, we would send wave after wave of our youth to die defending it. And a very high percentage of our youth would willingly fight.

Now, our democratic government is being threatened from within. We need waves of business leaders, politicians, newspaper and media owners, attorneys and judges, clergy, teachers, academics, etc. as well as regular citizens to heed the call and stand up. In the future we should never forget those who stood up, and those who hid whether they hid behind a wall of apathy or a wall of money.

[Alsteen]

25. Took the times for over 40 years

I watched as the new owner systematically fluffed the whole thing. Quit when they took out the good comics like Non Sequitur and replaced them with Broom Hilda and Snuffy Smith.

[Blue Owl]

26. More of this -- LOTS more!

[Native]

27. Figures - he was born and raised in the same racist breeding ground as Elon.

[ThoughtCriminal]

29. Billionaires really don't care if the media they own loses money

It's not that they don't want a profit, but the real goal of press ownership is to keep certain stories buried.