#patrick-soon-shiong

#patrick-soon-shiong

LA Times editorial board will not endorse a presidential candidate this year, breaking a long-standing tradition of endorsements for Democratic candidates.

Soon-Shiong's decisions sparked resignations and subscription cancellations at the Los Angeles Times, reflecting a conflict over editorial independence and responsibility.

Los Angeles Times editorial board members resigned due to the owner's refusal to endorse Kamala Harris, ending a streak of presidential endorsements since 2008.

Billionaire Patrick Soon-Shiong has invested hundreds of millions of his own money into the unprofitable Los Angeles Times, highlighting the struggles of the news industry in the digital era.

The L.A. Times is estimated to be losing $50 million a year, while The Washington Post was set to lose $100 million last year.

News companies, even those that are still making money, are trying to find ways to adapt to the changing media landscape and innovate.

Terry Tang has been appointed as the interim executive editor of the Los Angeles Times, becoming the first female editor in the paper's history.

The appointment comes amidst substantial layoffs, the loss of three top editors, and a one-day strike in the newsroom.

The Times has suffered significant financial losses since being acquired by Dr. Patrick Soon-Shiong's family in 2018.

Kevin Merida stepped down as executive editor of the Los Angeles Times after disagreements with owner Patrick Soon-Shiong.

Conflicts arose over editorial decisions, business priorities, and budgeting for 2024.