Latest LA Times Layoffs Hit Ahead Of Potential Sale

THE DEADLINE TEAM
Deadline.comJune 29, 2013
Latest LA Times Layoffs Hit Ahead Of Potential Sale

Another round of layoffs has hit the LA Times as parent Tribune Co. looks to unload the newspaper along with seven others. Multiple reports say Friday’s cuts affected at least 20 staffers, including members of the graphics department and newsroom. Editor Davan Maharaj and Managing Editor Marc Duvoisin described the layoffs as “a modest round of staff reductions” in an internal memo Friday. The same day Tribune Co. revealed that its net income dove 41% in the first quarter from $99.1M last year to $58.4M, with its newspaper unit sliding 9% to $254 million in ad revenue. Variety was first to report the cuts.

Related stories

First Step In LA Times Sale Soon: Report

Conservative Koch Brothers Circling Tribune Newspapers Including LA Times: NYT

Tribune Prepares To Sell Its Newspapers: Bloomberg

Get more from Deadline.com: Follow us on Twitter, Facebook, Newsletter