Aug 4 (Reuters) - The New York Post Media Group plans to launch the California Post in early 2026 in print and digital formats, including a mobile app, the News Corp-owned NWSA.O tabloid said on Monday.
Nick Papps, a veteran at News Corp, has been named the Los Angeles-headquartered publication's editor-in-chief, the group said.
The group is known for operating the New York Post and its entertainment news segment, Page Six.
The California Post's launch comes at a time when the state's prominent publication, Los Angeles Times, has been facing turmoil.
The newspaper laid off more than 20% of its newsroom staff in January 2024, as it faced financial losses and leadership exits, including Executive Editor Kevin Merida and Managing Editor Sara Yasin.
At the time, LA Times' owner, Patrick Soon-Shiong, said the paper was losing $30 million to $40 million annually.
Last month, Soon-Shiong said he plans an IPO of the 143-year-old publication within the next year.
(Reporting by Juby Babu in Mexico City; Editing by Leroy Leo)
((Juby.Babu@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。