“Adverse Industry Conditions” Causing Buyouts at Los Angeles Times

The Los Angeles Times issued a staffwide announcement that it’s offering buyouts to the newsroom, reports Poynter, which added:

“The announcement, which came in a memo from editor and publisher Davan Maharaj, described the buyout program as limited in scope and attributed it to adverse industry conditions.

“”For the Los Angeles Times, and the news industry overall, 2017 has been challenging,” Maharaj wrote. “We are weathering the challenges better than most, because of our dedicated staff and several initiatives that have helped our business. However, we need to address the current economic realities as we work to secure our future.””