Los Angeles Times Staff Get Voluntary Buyout Offers
Last week, The California Times, the owner of the Los Angeles Times, the San Diego Union-Tribune and several community papers, made voluntary buyout offers to staff with two or more years of service, reports CNN. Billionaire Dr. Patrick Soon-Shiong bought the newspapers in June 2018 from Tribune Publishing (previously called Tronc), returning the newspapers to local ownership. Employees were notified of the voluntary buyout offers via email.