Friday, October 06, 2006
Times Publisher Ousted
The Los Angeles Times is a profitable enterprise. It was reported that the paper generates a profit of 20 percent. The Tribune Company wants more.
The new publisher, David Hiller, has not decided "whether to follow through with job cuts." From my own experience in the aerospace industry, I suspect that the Times may already have lost some of its best reporters. Whenever there is a rumor of a possible lay-off, the most qualified workers are the ones who are first to apply for good jobs with other firms and often leave the firm before the lay-off is officially announced.
Fortunately, I do not have to depend solely on the Los Angeles Times for news about events that interest me. Radio is a good source. I've noticed, however, that many news stories that I hear on the radio have already been reported in that day's issue of the Times.
I learned to despise the Chicago Daily Tribune away back in the 1930's and 1940's because of the vicious, slanted stories that the paper ran on its front pages about my father's hero, Franklin Delano Roosevelt. The Tribune Company's treatment of the Los Angeles Times reinforces my feeling of contempt for the Tribune.