LA Times Owner to Take Newspaper Public Within a Year

The owner of The Los Angeles Times announced on “The Daily Show” with Jon Stewart that he plans to take the paper public within the next year.

Transcript

00:00The owner of the LA Times announced on The Daily Show with Jon Stewart that he plans

00:04to take the paper public within the next year as a way to democratize ownership and reconnect

00:10with its readership.

00:11He's establishing a new entity tentatively called LA Times Next Network that will include

00:17the Times along with other ventures and intends to use a Regulation A offering to raise up

00:22to $75 million.

00:24The move comes amid persistent financial losses.

00:27The paper lost around $50 million last year and significant newsroom reductions, including

00:33over 100 layoffs earlier in 2025.

00:36Inside the newsroom, the announcement surprised staff, highlighting ongoing tensions between

00:41management and editorial teams as reporters expressed frustration at learning major corporate

00:46moves via national TV rather than internal communication.