News Corp. mentioned Monday that it plans to launch the California Post, a Los Angeles-based tabloid with the flavour of the New York Post, early subsequent 12 months.
Robert Thomson, CEO of Information Corp., mentioned, per the Put up, “Los Angeles and California absolutely want a day by day dose of The Put up as an antidote to the jaundiced, jaded journalism that has sadly proliferated. We’re at a pivotal second for town and the state, and there’s no doubt that The Put up will play an important position in partaking and enlightening readers, who’re starved of significant reporting and puckish wit.”
In line with the announcement, the brand new publication will characteristic a devoted employees of reporters and photographers, with the staff in New York offering nationwide and worldwide information. The publication could have a print version and a devoted house web page. Nick Papps will function editor in chief. New York Put up editor in chief Keith Poole will broaden his oversight at New York Put up Media Group, which additionally consists of Web page Six and the Decider.
The launch of a brand new publication in Los Angeles comes as its signature day by day, the Los Angeles Times, has struggled, with downsizing of employees and income losses. Its proprietor, Patrick Quickly-Shiong, not too long ago announced plans to take the Instances public, with the brand new entity pursuing Regulation A+ financing, which permits for elevating of capital from buyers exempt from a number of the regulatory necessities of a conventional IPO.
