He becomes the second largest shareholder, vice chairman of the board, and Michael Ferro's defense against a takeover by Gannett.
About 200 staffers would be laid off, a report says.
Wednesday's staff party is cancelled because the Times could not, or did not, secure the room in its own building.
The Wrap says that newsroom gossip is true about a strip club expense account, a free trip and more.
The offer is now $15 a share plus assumption of debt, for a total value of $864 million.
Clearing the desk of media moves, observations and other items.
Ferro's secret plan to monetize his new toy includes LA Times bureaus in Lagos, Moscow and Mumbai. But nothing for LA or California.
We have a very beautiful state here. Absolutely beautiful.
Henry Chu is the trade's new European Bureau Chief. He took the LAT buyout last fall.
Ferro might be the illegitimate offspring of Sam Zell and former Freedom Communications CEO Aaron Kushner.
More revenue than you've ever seen. Artificial intelligence. Revolutionize the strategy. Piece of cake.
Sounds like mostly wishful thinking, since the prospect of Gannett management won't cause much excitement.
Larry Mantle on his friend Steve Julian. New post for Nicco Mele. The Broad gets a category on tonight's "Jeopardy." And a lot more.
The LA Times turns its most valuable website acreage over to its own Pulitzer Prize, while the Washington Post stays with news of more interest to non-journalists.
The Times swarmed the story from the start and the effort pays off.
Ricardo DeAratanha was charged Tuesday with misdemeanor resisting, obstructing or delaying a peace officer when he was confronted during the Nancy Reagan funeral in Simi Valley.
Longtime TV reporter Scott Collins will be TV editor, and Michael Schneider joins Penske Media. Plus more.
Jaweed Kaleem covered religion for HuffPo, where he had been for five years.
Tribune's high bid is rejected after a federal lawsuit and temporary restraining order. Now on to the judge to decide.
Former freelancer is back looking for vindication.
The civil antitrust lawsuit seeks a temporary restraining order to block last night's auction results.
LA Times parent puts up the most money, but questions remain.
A letter from the Justice Department warns of antitrust concerns if Tribune Publishing were to acquire Freedom communications at auction.
Moves announced today are follow ups to the buyouts last year in which something like 90 senior staffers left the paper.
A third bidder may yet join the auction but a sale could close by the end of the month.
King's weekly Classic Hollywood column, ending today, put the spotlight on films, people and books that otherwise would go unnoticed and unheralded.
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