{"id":183651,"date":"2021-02-20T03:19:03","date_gmt":"2021-02-20T00:19:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/janice-min-withdraws-from-la-times-editor-search-amid-sale-talk\/"},"modified":"2021-02-20T03:19:03","modified_gmt":"2021-02-20T00:19:03","slug":"janice-min-withdraws-from-la-times-editor-search-amid-sale-talk","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/janice-min-withdraws-from-la-times-editor-search-amid-sale-talk\/","title":{"rendered":"#Janice Min withdraws from LA Times editor search amid sale talk"},"content":{"rendered":"

“#Janice Min withdraws from LA Times editor search amid sale talk<\/strong>”
\n<\/p>\n

\n

A report that Dr. Patrick Soon-Shiong is exploring a sale of the Los Angeles Times less than three years after he bought it is complicating the paper\u2019s search for a new top editor with one top candidate withdrawing her name, The Post has learned. <\/p>\n

Janice Min, who\u2019s held top roles at the Hollywood Reporter and Us Weekly, had been in the running to replace Norm Pearlstine as the editor-in-chief of the LA Times. On Friday, after The Wall Street Journal reported that Soon-Shiong is exploring his strategic options as losses mount, Min officially pulled out of the race, a source with knowledge told The Post. <\/p>\n

Min didn\u2019t return a call for comment.<\/p>\n

The WSJ report said Soon-Shiong, who acquired the LA Times, the San Diego Union-Tribune and a handful of weeklies for $500 million in 2018, is exploring several exit strategies, including an outright sale, brining in an investor or turning over management of his publishing house to a larger media<\/a> company. <\/p>\n

He might also consider selling the San Diego Union-Tribune separately, the report said.<\/p>\n

Soon-Shiong, a biotech billionaire, has denied plans to sell the LATimes. \u201cWSJ article inaccurate,\u201d Soon-Shiong tweeted Friday<\/a>. \u201cWe are committed to the @LATimes.\u201d<\/p>\n

But he made no mention of the San Diego Union-Tribune, which caused some consternation on Twitter. His denial also failed to ease concerns within the LA Times, sources said. <\/p>\n

Said one source, \u201cIt is panic and chaos inside the LA Times.\u201d The News<\/a> Guild, which had beseeched Soon-Shiong to not<\/em> to take anyone from the current masthead for the job, now is said to be worried that most outside candidates will be spooked by the sale speculation.<\/p>\n

In buying the papers from Tribune Publishing, then called Tronc, Soon-Shiong said he intended to make the business live on for another century and invested hundreds of millions of dollars into turning it around.<\/p>\n

As The Post has previously reported, Soon-Shiong has become less involved in his publishing assets since the pandemic started as he has dedicated more of his time to pursuing an easy-to-administer COVID-19 vaccine. He is also currently in the process of combining biotech company NantKwest with BioImmunity. <\/p>\n

Sources said Pearlstine, who stepped away as EIC in mid-December, was making around $500,000. The top job now is believed to be going for somewhere in the $500,000 to $700,000 range with little chance for big stock bonuses given that its a privately held company. <\/p>\n

In addition to Min, the LA Times had been looking at Kevin Merida, the editor-in-chief of The Undefeated at ESPN and a past top editor at the Washington Post. He did not return a call for comment.<\/p>\n

Another name on the wish list was former Huffington Post editor-in-chief Lydia Polgreen, now running Spotify\u2019s podcasting company Gimlet Media. Sources said she told the headhunter she\u2019s not interested in leaving her current job and she didn\u2019t return a call.\n <\/p><\/div>\n