Another Media Meltdown: LA TIMES Lays Off 250 Workers
Original post made by Mike, College Terrace, on Jul 2, 2008
I remember Sam Zell's promise to restore the LA Times tradition as a great paper. So here, we have another lying takeover artist, Zell, doing everything he can to gut a great newspaper.
Currently, the LAT is not even a shadow of its former self, yet continues to make handsome profits. Zell's projections for growth are not being met, so he's using that as an excuse to gut the paper and "save money".
Sam Zell is *exactly* the kind of entrepreneur that should get written up as dangerous to America; American's meed for good communications; and, the American economy.
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