While it may be impossible to believe that an upstanding newspaper like The Los Angeles Times, a trusted and beloved publication that describes half-black men as “white supremacists,” is having financial troubles, the fact is that a bloodbath involving at least 10% of newsroom staffers is underway.
The Los Angeles Times staff will be reduced from 500 to around 450, and buyouts are being offered, but not really. There’s some severance and an additional amount that equals a week’s pay for every year of employment. This sounds like less of a buyout than a small incentive to avoid being laid off, which is what will happen if not enough people accept the so-called buyout.
The LA Times is owned by Tribune Publishing, which will be laying off 80 total employees.
Bottom line: The LA Times is doomed. Imagine a left-wing publication that is so poorly edited, so untrustworthy, and so useless, it can’t even survive in one of the most left-wing cities in America. Things are so bad, the paper’s last publisher didn’t even last a year.
While I was living in Los Angeles, the Times offered subscription deals that practically gave the paper away. Things were so desperate, all the paper cared about was getting its circulation numbers up in the hopes of reversing a collapse in ad rates. This was more than 5 years. Since, things have only gotten worse.
The good news for these laid-off LA Times staffers is the success of Obama’s economic recovery, right?
According The Los Angeles Times, Obama’s and Governor Jerry Brown’s big government policies are just the ticket to job creation. So please join me in wishing upon these soon-to-be-laid-off Los Angeles Times newsroom staffers the same prosperity and opportunity they championed for the rest of us.
Follow John Nolte on Twitter @NolteNC