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Billionaire MAGA-friendly owner of LA Times struggling to pay his bills: report
The Price of Politicizing a NewspaperPower Sits at the TopThe Los Angeles Times is not drifting because of some abstract market weather. It is straining under the decisions of Patrick Soon-Shiong, the billionaire owner who controls the paper’s direction, sets the political tone, and now appears unable or unwilling to keep the operation financially steady. When the owner changes the paper’s editorial posture, slashes staff, courts MAGA-friendly personalities, and then falls behind on payments to contractors and vendors, the problem is not mystery. It is governance.The Source of the CollapseThe…
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