Overview

• The Los Angeles Times reported a $50 million operating loss for 2024, following a $30 million shortfall in 2023.
• The paper has lost approximately 25,000 paying subscribers and key advertising partnerships, including Netflix.
• Owner Patrick Soon-Shiong has implemented a return-to-office mandate requiring employees to work on-site four days a week.
• Soon-Shiong’s controversial initiatives include an AI-powered bias meter and plans for a conservative-leaning digital platform, LAT Next.
• Critics highlight concerns over editorial independence, with decisions such as blocking a Kamala Harris endorsement drawing scrutiny.