• LA Times says ad revenue ‘nearly eliminated’ as it furloughs workers

    LA Times says ad revenue ‘nearly eliminated’ as it furloughs workers

    The Los Angeles Times, claiming “advertising revenue has been nearly eliminated” because of the coronavirus, said it will furlough business-side employees and slash pay for senior executives by 5 percent to 15 percent. The furloughs are slated to start April 19 and will last up to 16 weeks, according to a memo from the newspaper’s …