Entertainment 'Government Needs to Step in' to Save Newspapers, Los Angeles Times Owner Says
Opinion: It’s a Hollywood story for the Los Angeles Dodgers as they receive their World Series rings
The Dodgers enjoyed a ceremony 32 years in the making as the team received their World Series rings with fans in attendance at Dodger Stadium.Come on, you don’t have pageantry more spectacular than the Golden Globes, hand out World Series rings fancier than a Tesla in Beverly Hills, and not finish the Hollywood script with the heart and soul of your team becoming the hero Friday on the Los Angeles Dodgers’ most celebratory day in 32 years?
Los Angeles Times owner and biotech billionaire Patrick Soon-Shiong says tech companies that post news articles from other sources without paying are "destroying democracy in the long run."
InSoon-Shiong said the loss of advertising to tech companies and declining revenues are damaging important local journalism and that to save the industry, the government needed to help. In the interview, Soon-Shiong did not specify a specific plan for government intervention but said that tech companies that generate revenue by posting news articles and information from other sources should pay for the content.
Fernando Tatis Jr. homers twice at Dodger Stadium on 22-year anniversary of father's epic two grand slam game vs. Dodgers
Fernando Tatis Jr. homered twice at Dodger Stadium on the 22-year anniversary of his father's record-setting night against the Dodgers.Friday night, Tatis' son — San Diego Padres star Fernando Tatis Jr. — celebrated the 22-year anniversary of the occasion with his own two-homer outing at Dodger Stadium.
"The government needs to step in a little bit," Soon Shiong said. "I'm not asking the government to do anything drastic, but they have to step in and find a way to support the viability of this whole industry," Soon-Shiong said. "There has to be a resolution of this inequality of usurping information and destroying, frankly, democracy in the long run."
Soon-Shiong warned that government support will not be sufficient to save newspapers "if the industry can't get enough readers to pay for their subscriptions," he said. "The platforms have taken away all the advertising dollars. Subscription is going to be the only solution."
Soon-Shiong's doomsday predictions come on the heels of this week's positive news that the Times had selected a new executive editor, ESPN's Kevin Merida, to lead the troubled newspaper into the future. Merida takes over the top editor post in June, following an exhaustive search that began in December when former executive editor Norman Pearlstine stepped down following a controversial tenure that included accusations of verbal abuse and ethical impropriety. Newsroom staff had also signaled to Times ownership that they had lost faith in Pearlstine and masthead editors, telling Soon-Shiong in a letter last February that the masthead leadership team was "problematic and disappointing" and not "qualified to take The Times to the next level."
The Times also has suffered major financial setbacks during the pandemic, The Los Angeles Times and the San Diego Union-Tribune lost "north of $50 million" in revenue in 2020. Chris Argentieri, the president of the two papers' California Times parent company, described the losses as a "catastrophic drop in revenue." The majority of the losses came from print advertising, though digital advertising and print circulation also sustained some losses.
2021 WNBA season kicks off: How to watch, live stream games in league's 25th season .
As the WNBA enters its 25th season, viewers will be able to watch more games than ever before across a variety of networks and streaming platforms.More than 100 national telecasts will be spread across two broadcast networks (ABC and CBS), four cable networks (ESPN, ESPN2, CBS Sports Network and NBA TV), and streaming on Facebook, Twitter, Amazon Prime and ESPN3. WNBA League Pass will also offer fans the opportunity to stream 110 games.