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La Times
2300 E. Imperial Highway
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The cuts were necessary because the paper could no longer lose $30 million to $40 million a year without making progress toward building higher readership that would bring in advertising and subscriptions to sustain the organization, said the paper's owner, dr. Patrick soon-shiong.
Now, six years after dr. Patrick soon-shiong bought the times in 2018, the lease on the olympic plant is expiring, and paying rent has become untenable. The paper will be printed in riverside by the southern California Newspaper Group, with its circulation numbers remaining the same.