David Hiller's extraordinary memo to staff on changes at the Times, first reported by Kevin Roderick at LAO this morning, signals that they're finally ready to chuck the old business model and start from scratch. He didn't put it quite that way, of course, saying only that "the old model is broken." But make no mistake, it's dead and buried, even if newsroom stalwarts insist that it's just a matter of bad management or greedy...
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Mark Lacter covered business, the economy and more here from 2006 until his death on Nov. 13, 2013.The entire LA Biz Observed archive — more than 10,000 blog posts by Mark — remains online and available.
Mark LacterMark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
The multi-talented Mark Lacter
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