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Billionaire owner of the Los Angeles Times says he will take the newspaper public in the coming year

Billionaire owner of the Los Angeles Times says he will take the newspaper public in the coming year

Boston Globe5 days ago
'Whether you're right, left, Democrat, Republican, you're an American. So the opportunity for us to provide a paper that is the voices of the people, truly the voices of the people, is important,' he said.
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Soon-Shiong, a biotech billionaire, acquired the Times as part of a $500 million deal, returning it to local ownership two decades after the Chandler family sold it to Tribune Co. Soon-Shiong's purchase raised hopes after years of cutbacks, circulation declines and leadership changes.
Dr. Patrick Soon-Shiong
Evan Vucci/Associated Press
But like much of the media industry, the Times has continued to face financial difficulties, losing money and subscribers. Last year the company said it would lay off at least 115 employees — more than 20% of the newsroom — in one of the largest staff cuts in the newspaper's history.
Also in 2024, executive editor Kevin Merida suddenly stepped down after a 2 1/2-year tenure at the newspaper that spanned the coronavirus pandemic and three Pulitzer Prizes, as well as a period of layoffs and contentious contract negotiations.
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Oklahoma state superintendent under investigation after board members report seeing naked women on his office TV
Oklahoma state superintendent under investigation after board members report seeing naked women on his office TV

New York Post

time42 minutes ago

  • New York Post

Oklahoma state superintendent under investigation after board members report seeing naked women on his office TV

Oklahoma's controversial state superintendent is under investigation after state Board of Education members alleged they saw images of naked women on his office's television during a closed meeting last Thursday. State Superintendent Ryan Walters, the fiery Republican pick leading one of the nation's lowest-ranked education systems, was in the middle of a meeting during an executive session of the Oklahoma State Board of Education when images of naked women allegedly popped up on his television screen, two board members told The Oklahoman. 4 Pictures of naked women were allegedly seen on a television behind Oklahoma State Superintendent Ryan Walters during a meeting last Thursday. BRYAN TERRY/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images One of the board members said she could barely believe what she was seeing. 'And I was like, 'Those are naked women'. And then I was like, 'No, wait a minute. Those aren't naked, surely those aren't naked women. Something is playing a trick on my eye. Maybe they just have on tan body suits. This is just really bizarre',' board member Becky Carson told the outlet. 'I saw them just walking across the screen, and I'm like, 'No.' I'm sorry I even have to use this language, but I'm like, 'Those are her nipples.' And then I'm like, 'That's pubic hair.' What in the world am I watching? I didn't watch a second longer. I was so disturbed by it, I was like, 'What is on your TV?' I was very stern, like I'd been a mother or a classroom teacher. And I said, 'What am I watching? Turn it off now!'' Ryan Deatherage, another board member, added that Walters was sitting with his back to the television, so he wasn't able to see the alleged X-rated video in the moment. 4 Walters has denied all allegations about the situation — calling them 'falsehoods.' DOUG HOKE/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images 'I am in shock and I'm not wanting to distract them. I'm trying to listen. Quite frankly, I didn't know how to handle it. I was just in shock. I was being human and I didn't know what to think. I kept thinking that it was just going to go away and so I quit watching it,' Deatherage told the outlet. Carson wound up having to tell Walters about the lewd images lingering on the screen behind him, which he then shut off without any explanation or apology. Walters later issued a statement Sunday denying all claims as 'categorically false.' 4 Two Oklahoma Board of Education members claimed that Walters offered no apology or explanation for the bizarre images. AP 'These falsehoods are the desperate tactics of a broken establishment afraid of real change. They aren't just attacking me, they're attacking the values of the Oklahomans who elected me to challenge the status quo. I will not be distracted. My focus remains on making Oklahoma the best state in the nation, in every category,' Walters said. Other members of the board told the outlet that while they didn't see the images themselves, Walters appeared 'shook up' and 'flustered or embarrassed' by whatever Carson pointed out. Walters, a staunch conservative, has previously made national headlines for his stances and policies in Oklahoma schools. He repeatedly sought to enforce strict rules about what's permitted inside the classroom, including restrictions against LGBTQ+ students that have come under fire from critics on the left. 4 Walters is best known for the anti-LGBTQ+ policies he's put forward, along with other rules loosening restrictions on Christian education in public schools. DOUG HOKE/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images At the same time, he's loosened prohibitions on the separation of church and state by requiring the Bible to be taught in public schools as a 'historical document.' Deatherage and Carson said Walters should hold himself to the same standards he enforces on educators, noting that the board has 'suspended teaching certificates for less than this.' It's unclear who may have been responsible for the racy images and why they were bizarrely featured on the government office's system. The investigation into the incident is being led by the Office of Management and Enterprise Services.

Boeing machinists who build fighter jets reject contract, plan strike
Boeing machinists who build fighter jets reject contract, plan strike

UPI

timean hour ago

  • UPI

Boeing machinists who build fighter jets reject contract, plan strike

A large American flag is hoisted behind a Boeing F/A-18 E1 Super Hornet jet before dedication ceremonies at the National Museum of Transportation in Kirkwood, Mo., on August 3, 2024. Machinists at three plants in the St. Louis area the product fight jets rejected a contract. File Photo by Bill Greenblatt/UPI | License Photo July 27 (UPI) -- Several thousand Boeing union workers at three St. Louis-area plants who build fighter jets are planning to go on strike after rejecting a proposed contract Sunday that would pay an average of than $100,000 per year. Members of the International Association of Machinists and Aerospace Workers at Boeing factories in St. Louis and St. Charles in Missouri and Mascoutah in Illinois voted against the new contract that included a 20% wage increase over four years. The contract for District 837 members will expire at 11:59 p.m. CDT at which point there is a seven-day cooling-off period before a strike could start. In all, there are 16,000 employees at the three locations, according to St. Louis Business Journal Research. "IAM Union members delivered a clear message: the proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce," the union said in a news release. "Our members are standing together to demand a contract that respects their work and ensures a secure future." Boeing and the union representing the machinists on Thursday reached an agreement on a four-year contract that would boost annual salaries to $102,600 with an 8% increase in the first year and 4% for the other three years. "This contract puts money in members' pockets, protects healthcare access, and ensures our members have a voice in future health decisions all while respecting the skill and dedication IAM workers bring to Boeing's critical defense programs," IAM Union International President Brian Bryant said after the tentative contract. The total increase would be 40% when including other benfits. There was a $5,000 ratification bonus. Boeing said the current average hourly pay of $35 is $6 higher than three years ago. "The IAM Union remains committed to achieving a fair contract that meets the needs of our members," the union said. "The IAM Union looks forward to returning to the bargaining table with Boeing's leadership to deliver meaningful improvements that support the well-being and livelihoods of IAM members and their families." IAM, with approximately 600,000 active and retired workers, is one of North America's largest and most diverse industrial trade unions. They represent workers in aerospace/airlines, defense, shipbuilding, railroads/transit, healthcare and automotive in the United States and Canada. "We're disappointed our employees voted down the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities," Dan Gillian, Boeing Air Dominance vice President, said in a statement, obtained by KSDK-TV. "We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union." Last year, Boeing machinists in the Pacific Northwest were in a 54-day strike that shut down airplane production. Ultimately, they agreed to an immediate pay boost of 13% and a total of 44% over four years when compounded. Boeing has more than 170,000 employees worldwide. The vote came two days before Boeing plans to announce its second-quarter earnings.

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