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Los Angeles Times Moves Closer to a Public Stock Offering

NYT > Business > Media · Katie Robertson · last updated
The company, which says it plans an initial public offering next fall, announced on Thursday that it would seek to raise up to $500 million selling private shares to investors.
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Related Knowledge Center: State of the business model

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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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The hollowing out of the local news ecosystem has been well documented; in some communities, efforts are underway to reverse the growing news desert.

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