Page 5 - Media Guild News Today

Hundreds of staff at Conde Nast, the parent company behind publications Vogue and Vanity Fair, walked out in protest of looming layoffs.

The Los Angeles Times says it plans to lay off at least 115 employees — more than 20% of the newsroom

The Los Angeles Times fired 115 journalists in the newsroom to recover from financial losses. The Los Angeles Times announced it was laying off 115 journalists in the newsroom starting Tuesday as billionaire owner Patrick Soon-Shiong looks to stem losses that have grown to $30 to $40 million a year.

The layoffs were deemed necessary as the Los Angeles Times could not sustain annual losses of up to $40 million annually without increasing advertising and subscription revenue. Read more.

"This total, while devastating, is nonetheless far lower than the number of layoffs the Bargaining Committee was expecting last week.”

In a statement, Matt Pearce, president of the Media Guild of the West, which represents the Los Angeles Times’ union, termed Tuesday as “dark day.”

The Los Angeles Times said it planned to lay off at least 115 employees — more than 20 percent of the newsroom — starting Tuesda...

The Los Angeles Times is laying off more than 20% of its newsroom beginning this week in one the largest staff cuts in the newspaper's 143-year history.

The Los Angeles Times is laying off more than 20% of its newsroom beginning this week in one the largest staff cuts in the newspaper's 143-year history.

The Los Angeles Times is laying off more than 20% of its newsroom beginning this week in one the largest staff cuts in the newspaper's 143-year history.