July 19, 1995 |
Faced with rising newsprint costs, flat first-half revenue and an uncertain Southern California economy, the Los Angeles Times is intensifying cost-cutting efforts and will reduce the company's work force by about 700 positions in 1995, Times Publisher Richard T. Schlosberg III said Tuesday. The newspaper has already eliminated 230 of those jobs, Schlosberg said in a letter to be distributed to employees today.
CALIFORNIA | LOCAL
July 1, 1993
President Clinton's haircut on Air Force One at Los Angeles International Airport caused no significant delays of regularly scheduled passenger flights, according to federal records obtained by New York Newsday. The newspaper reported that Federal Aviation Administration records show that an unscheduled air taxi flight had the only delay attributed to the closure of two runways for an hour before the departure of the President's plane May 18. The delay was 17 minutes.
July 22, 1995 |
Citing the California economic downturn that has steadily eroded advertising revenue, the Los Angeles Times on Friday announced the closing of eight specialized editorial sections, including the weekly World Report and Spanish-language Nuestro Tiempo sections, and the elimination of 150 editorial positions. The cuts are part of a broad restructuring that Mark H. Willes, the new president and chief executive of The Times' corporate parent, Times Mirror Co.
July 20, 1995 |
Times Mirror Co. on Wednesday unveiled a corporate overhaul to improve financial performance that will return the Los Angeles media company to its fundamental operations while eliminating more than 1,750 jobs at its newspapers. Besides the restructuring, which the company said will result in charges of "several hundred million dollars" in the second half, Times Mirror said it will close its multimedia division and buy back up to 10% of its common stock.