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| Owner Dr. Patrick Soon-Shiong |
The LA Times Guild, part of the News-Guild-CWA (Local 39213 under the Media Guild of the West), formed in 2018 has been authorized to strike the newspaper amid cost-cutting turmoil under previous ownership. The current contract expired in March 2022, but staff have worked without one since, forgoing raises amid soaring inflation.
Owner Dr. Patrick Soon-Shiong, a biotech billionaire who bought the paper in 2018 for $500 million, has cited annual losses of $30–50 million due to ad revenue declines. He pledged to make the Times a "world-class news organization" but has prioritized cuts, including a controversial 2024 decision not to endorse a presidential candidate, sparking editorial resignations.