“We have incurred operating losses in the past, may incur operating losses in the future, and may not achieve or maintain profitability in the future.”
Yes, that’s singling out boilerplate corporate language in the “Risk Factors” section of docs filed by The Los Angeles Times as it seeks investors ahead of an initial public offering that may take place in 2027 on the New York Stock Exchange under the LAT symbol. But, with a net loss before income taxes of $48 million on the books for 2024, the line also speaks to the urgency of billionaire owner Dr. Patrick Soon-Shiong‘s bid to transform the business of the 144-year-old paper, which now employs 615 full-time staffers and says it has about 500,000 paying customers combined across its print and digital offerings. READ MORE