Daughter of L.A. Times Owner Says Endorsement Decision Stemmed From Harris Stance on Gaza War

Published On Oct 26, 2024, 1:23 PM

The Los Angeles Times editorial board aimed to endorse Kamala Harris for president, viewing her as a vital figure against Trump. However, Patrick Soon-Shiong, the paper's owner, vetoed this endorsement, causing widespread backlash among staff and readers. Many viewed the decision as politically motivated to maintain neutrality but criticized it for potentially favoring Trump and damaging the paper's credibility. The controversy intensified as Soon-Shiong's daughter attributed the decision to Harris's stance on Israel amidst the ongoing conflict in Gaza.

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Stock Forecasts

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Negative

The controversy surrounding the Los Angeles Times' endorsement decision could lead to a negative impact on the media company due to subscriber loss and internal unrest. However, this may also open a conversation around media neutrality which can attract investors interested in media reform. The direction is likely negative in the short term as the paper addresses subscriber cancellations and staff dissent.

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