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LA Times slashes a fifth of its newsroom jobs
LA Times slashes a fifth of its newsroom jobs
Economy
by  AFP

The Los Angeles Times announced Tuesday it is laying off more than a fifth of its journalists, as yet another once-storied US paper fell victim to the disruptions of the internet age. Unionized journalists at the Times walked off the job last week when reports first emerged that managers were considering drastic cuts.

Conde Nast staff stage walkout against layoffs
Conde Nast staff stage walkout against layoffs
Economy
by  AFP

Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs. The union urged people not to cross the digital picket line by refraining from visiting Conde Nast sites, which also include GQ, Bon Appetit, Glamour, Architectural Digest and Teen Vogue.

Prime real estate: Original Amazon House up for sale
Prime real estate: Original Amazon House up for sale
Technology
by  AFP

The house where Jeff Bezos founded online shopping mammoth Amazon is up for sale, offering one lucky buyer the chance to own a piece of internet history. Bezos and his then-wife MacKenzie Scott were renting the single-story, three-bedroom home near Seattle in the mid 1990s when they began selling books online from the garage.

EU probes Lufthansa's proposed buy of ITA stake
EU probes Lufthansa's proposed buy of ITA stake
Economy
by  AFP

The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition. The deal provided the German company various options to increase its stake or acquire ITA Airways outright at a later date.