Los Angeles Times slams its corporate owners

Imagine this in a British newspaper? The Los Angeles Times has published a bitter attack on the company that owns it, Tribune, because of its cost-cutting and redundancies programme. Headlined "Their eyes are on wrong bottom line", the article contrasts the caring New York Times company, where publishers have decided to "forgo a combined $4m (£2.1m) of their own money to create an incentive pool for journalists, with the uncaring Tribune, which is facing opposition from its senior editorial staff to further cuts to staff. The events, says the piece, "reflect two diametrically opposed ways of dealing with the nervous breakdown that currently afflicts American newspaper journalism's managerial class." It's a fine read, though I'm not entirely convinced by its conclusion: "American newspapers are passing through an era not only of technological change but also one in which a corporate ownership model seems increasingly unworkable." Would private wealth really do better? (Via Los Angeles Times)