LA Times reportedly misses payments to vendors as MAGA owner eyes IPO

Large-market papers with diverse readerships are scarce, and a cash-strapped LA Times is less equipped to cover the communities that depend on it.

Image via LA Times Studios | YouTube

The Los Angeles Times is facing new scrutiny over overdue payments to contractors and vendors as owner Patrick Soon-Shiong pursues a $500 million initial public offering.

Late payments?

A report by Oliver Darcy on his newsletter Status Wednesday reveals that the Times has routinely missed payment deadlines with contract…