Photo: David Paul Morris/Bloomberg via Getty ImagesOn Tuesday, the Los Angeles Times announced that it would lay off at least 115 journalists, 20 percent of the newsroom. The same day, Time announced cuts of its own. Media layoffs tell us something about an owner’s business prowess, but they also show bigger forces at work. Media layoffs betray a damning incuriosity among our elite. For that reason, most journalists know they can’t trust a billionaire’s whims.

Source: Los Angeles Times January 25, 2024 01:22 UTC