Industry News

Los Angeles Times axes real estate section

Expect continuing cuts in newspaper industry, says analyst
Published on Aug 4, 2008

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by CareyBot

The Los Angeles Times has ceased publication of its weekly real estate section -- born more than a century ago -- amid major staff cuts.

In mid-July, newspaper managers began to carry out the "largest staff and production cuts in the newspaper's history," according to an article in the Times, citing "a continuing slide in advertising revenue." The newspaper has a circulation of more than 1 million and ranks among the largest newspapers in the nation.

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