But the Los Angeles Times insisted that there was no such deal on the table, only a desperate call from Finkelstein to owner Patrick Soon-Shiong, according to an insider there. The L.A. Times has also experienced financial troubles as of late, with 120 jobs cut from the newspaper in January. A merger could have driven some further digital readership to the L.A. Times, which could afford to bolster its subscriber base. In return, the billionaire owner of the L.A. Times Patrick Soon-Shiong could cover The Messenger’s payroll, keeping the company alive. The post The Messenger’s Desperate Bid to Merge With LA Times Collapsed When Time Ran Out appeared first on TheWrap.

Source: Los Angeles Times February 01, 2024 17:52 UTC