Vendors and contractors report late payments from the Los Angeles Times. The issue emerges as the paper’s billionaire owner pursues a public offering. Tensions with new hires add to the challenges.
Media professionals tracking publisher finances are watching the Los Angeles Times as it contends with repeated delays in payments to contractors and vendors. These financial issues have surfaced while the newspaper’s billionaire owner, Patrick Soon-Shiong, continues to advance plans for an initial public offering.
In November 2025, the Los Angeles Times issued a high-profile press release announcing the recruitment of Catherine Herridge, a conservative journalist known for her work at Fox News and CBS News. Herridge was set to host a new weekly investigative series. At the time, she expressed enthusiasm for the partnership, highlighting the newspaper’s commitment to supporting independent journalists and investigative reporting.
However, several months after the announcement, the relationship between Herridge and the Los Angeles Times has reportedly become strained. According to multiple individuals familiar with the situation, tensions have grown behind the scenes, raising questions about the stability of new editorial initiatives at the publication.
These developments come as publishers across the industry face mounting operational and revenue pressures. For context, recent industry discussions have explored how newsrooms are navigating complex partnerships and financial challenges, as seen in coverage of newsroom strategies for managing creator collaborations.
