Los Angeles Times Offers Buyout Deals To Some Employees

The Los Angeles Times is offering buyout packages to employees with over two years of service to aid its digital transformation. The California Times, which owns the newspaper, aims to make its product more digital and appealing. Since being acquired by Patrick Soon-Shiong in 2018, the company has invested over $100 million in staff and infrastructure. The buyout is intended to provide flexibility for creating new roles and allow employees to leave on their own terms.

What is the primary reason for offering buyout packages to employees at the Los Angeles Times?

• To reduce the number of employees

• To transition to a more digital and nimble business model

• To increase the print circulation

• To merge with another newspaper

Who purchased the Los Angeles Times in 2018?

• Jeff Bezos

• Elon Musk

• Patrick Soon-Shiong

• Warren Buffett

What significant change occurred for the Los Angeles Times in 2018?

• It became a publicly traded company

• It was sold to a foreign company

• It stopped its print edition

• It returned to local ownership

How much has the California Times invested in the Los Angeles Times since the ownership change?

• $150 million

• $50 million

• $100 million

• $200 million

What is the intended purpose of the buyout offer according to the California Times?

• To expand internationally

• To reduce costs by cutting staff

• To create flexibility for new roles and opportunities

• To increase the number of print editions