The @latimes "expects to lose MORE THAN HALF OF ITS ADVERTISING REVENUE in the coming months."

If that's an accurate estimate of the level of bleeding, a lot of newspapers are going to die this summer. https://twitter.com/marcatracy/status/1250131079341760512
An internal memo from the @latimes' Chris Argentieri is even more apocalyptic:

"Due to the unexpected effects of COVID-19, our advertising revenue has ***nearly been eliminated***." https://wwd.com/business-news/media/l-a-times-coronavirus-layoffs-furloughs-media-pay-cuts-1203560963/
L.A. Times Furloughs Non-Union Workers, Cuts Senior Staff Pay

A company executive told staff the coronavirus has caused an “unprecedented” decline in revenue for the paper with ads "nearly eliminated."

https://wwd.com/business-news/media/l-a-times-coronavirus-layoffs-furloughs-media-pay-cuts-1203560963/
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