FROM Jennifer Saba
California Running Out of Both Money and News In the San Francisco Bay Area, almost all employees at 22 dailies and weeklies have been asked to take buyouts. The same owner has reduced newspaper staffs in the San Gabriel Valley and the South Bay, with the San Fernando Valley’s Daily News said to be next. The Orange County Register says rising costs and reduced advertising mean it will print less news, and the latest Editor of the LA Times says his first job will be to “shrink the newsroom.” The new owner, Sam Zell, seems to be focused on anyone over the age of 53.
Tribune Sold to Sam Zell Since the Chandler family sold the Los Angeles Times to the Tribune Company of Chicago, there's been a parade of news editors and publishers, several of whom has left because of resistance to cutting costs. Now, the Times, along with KTLA Channel 5 , are the property of Chicago billionaire Sam Zell , who has no prior experience in the newspaper business. With an estimated $4.5 billion, Forbes calls him the 52 nd richest American . A story in today's LA Times says that Zell's interests are "purely economic." Zell himself says he has no editorial vision.
As Brexit is triggered, negotiations with the EU begin The head of the European Union says "We're missing you already." But British Prime Minister Theresa May says, "There's no turning back." She's made this Day One of "Brexit" — as the UK becomes the first nation to break away after 60 years of European unity.
House Republicans release their Obamacare replacement As two House committees take up "repeal and replacement" of "Obamacare," there may be life left in the Affordable Care Act after all. Even Republicans are divided, and proposed changes won't make good on President Trump's promise to provide "health insurance for everybody."
CBO: Under GOP plan, millions will lose coverage Republicans are divided and Democrats are saying, "we told you so," when it comes to official estimates of what it will cost to repeal and replace Obamacare. The Trump White House says the Congressional Budget Office is just wrong.