Times are tough for the LA Times as Russ Stanton, who has been editor of the paper for the past four years, is standing down amidst the expectation of more job cuts.
Stanton leaves the news organisation on December 23rd and will be replaced by managing editor Davan Maharaj.
The LA Times published a positive review of Stanton's achievements with the paper, noting that under his leadership the paper extended its digital reach to over 17 million readers and won three Pulitzer Prizes.
Yet the LA Times acknowledges that the past four years have been a rocky period, citing problems caused by contracting newspaper circulation and shrinking advertising revenue. The New York Times provides some sobering statistics: the American newspaper industry saw a 26.2% drop in advertising revenue from 2008 to 2009 and an additional 4.6% decline last year.