Furloughs and Pay Cuts Hit The Los Angeles Times

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The parent company of The Los Angeles Times is furloughing 40 employees and cutting the pay of senior managers in an effort to make up for losses brought on by a pandemic-related decline in advertising revenue.

“Due to the unexpected effects of Covid-19, our advertising revenue has nearly been eliminated,” said a memo to the staff on Tuesday from Chris Argentieri, the president of California Times...

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