Connect with us

Business

Hector Becerra named managing editor of The Times

Published

on

Hector Becerra named managing editor of The Times

Veteran Los Angeles Times journalist Hector Becerra has been named managing editor of the newspaper.

Interim Executive Editor Terry Tang announced the appointment Tuesday, delivering on her promise to quickly install a second-in-command to stabilize a newsroom that has been rocked this month by significant layoffs, a one-day strike by journalists and several high-level departures.

Becerra, a native Angeleno who grew up in Boyle Heights, becomes the highest-ranking Latino editor in The Times’ long history. His appointment is effective immediately.

He joined the paper nearly 25 years ago, first working for the Orange County edition before being promoted to the main newsroom in downtown Los Angeles, where he worked as a general assignment reporter for more than a decade.

Advertisement

“His commitment to journalism, his integrity and his dedication to The Times have long earned him the deep respect of his colleagues,” Tang said in a note to the staff. “His ability to lead through change and ensure that we’re focusing our resources on the issues and stories that matter most to our readers is precisely what we will need to meet the challenges now.”

Becerra, 51, was part of the team of reporters that won the 2011 Pulitzer Prize for public service for coverage of the city of Bell corruption scandal. He was city editor for the California section from 2017 until 2022, when he was promoted to deputy managing editor, leading the Metro and California sections, the paper’s largest staff.

Becerra graduated from Theodore Roosevelt High School and Cal State Los Angeles, where he served as editor of the University Times. He covered wildfires, issues of homelessness and the effects of crime on families. He once spent the day picking strawberries in Santa Maria and shared the experience with readers.

He wrote movingly about his late father, a Mexican immigrant who came to California without documentation to provide for his family. His father (who became a legal resident in 1980) was a voracious reader, including of The Times.

The move comes during a difficult period for The Times. Earlier this month, then-Executive Editor Kevin Merida announced his departure from The Times after tensions with the paper’s owner, Dr. Patrick Soon-Shiong. Two managing editors — Sara Yasin and Shani Hilton — also resigned.

Advertisement

Last week, Soon-Shiong named Tang to serve as interim executive editor. She previously served as editor of the editorial page and oversaw the Op-Ed section.

Tang is the first female editor in the paper’s 142-year history and the highest-ranking Asian American editor.

In turning to Tang, a respected journalist who previously worked at the New York Times, Soon-Shiong selected a leader with whom he had already established trust.

A week ago, The Times laid off at least 115 people — or more than 20% of the newsroom — in one of its largest workforce reductions ever.

Soon-Shiong ordered the cuts, saying the organization could no longer lose $30 million to $40 million a year without making progress toward building higher readership that would bring in advertising and subscriptions to sustain it.

Advertisement

Since acquiring The Times in 2018 for $500 million, the owner and his family have covered more than $100 million in capital costs and operational losses. Soon-Shiong has pledged to continue investing in The Times.

Business

AMC’s Adam Aron backs David Ellison’s takeover of Warner Bros. Discovery

Published

on

AMC’s Adam Aron backs David Ellison’s takeover of Warner Bros. Discovery

As Hollywood has fractured over the proposed merger between Paramount Skydance and Warner Bros. Discovery, AMC Entertainment Holdings Chief Executive Adam Aron is throwing his support behind David Ellison.

The movie theater chief said he trusts that Ellison, Paramount’s CEO, will hold to his promise that the combined company will release 30 films a year — 15 each from Paramount and Warner Bros.

Many industry executives and other theater operators have questioned whether that goal is realistic, particularly given the cost cuts that are expected to commence after the deal closes. Exhibitors in particular fear that a decline in film releases will erase some of the progress made at the box office since the pandemic.

“Adam Aron and AMC are big fans of David Ellison,” Aron said during an interview Wednesday afternoon in Las Vegas, where he was attending the CinemaCon trade convention. “We respect his talent as a filmmaker and a movie executive, and we believe in the promises that he has made to increase the number of movies being made by Paramount and Warner Bros.”

Aron added that he trusts Ellison will respect calls to keep films in theaters for 45 days before they’re available for premium purchase at home and much later, on streaming services.

Advertisement

That strategy, known as windowing, became a more contentious issue after the pandemic when some studios began to reduce the amount of time films were in cinemas before audiences could view them at home.

“We’re enthusiastic that David will fulfill his promises,” Aron said. “And that in the end, this will prove to be a good thing for our company and our industry.”

He added that he hopes current Warner Bros. film chiefs Mike De Luca and Pam Abdy “continue to have the opportunity to do great work” at that studio. The pair led Warner Bros. to 30 Oscar nominations — more than any other studio this year — and 11 Academy Awards, including Best Picture.

After a difficult last few years, Aron said he feels like the theatrical business has “finally turned a corner.”

So far this year, domestic box office revenue is up more than 20% compared with the same time period last year, bolstering hopes across the industry that 2026 will mark a rebound from the downturn of the pandemic.

Advertisement

Last year, AMC saw a 2.1% decrease in attendance compared to 2024. But this year’s strong lineup of films has given Aron confidence that the company‘s revenue and earnings will rise this year.

The company is also working to pay down the debt it took on during the pandemic. The company had as much as $6 billion in debt in 2020 and is now down to $4 billion, Aron said.

“The big news of 2026 for us, in light of the rising box office, in light of rising EBITDA [earnings before interest, taxes, depreciation and amortization], and in paying down debt and extending maturities, I think we will have dramatically strengthened our balance sheet,” he said.

Aron also confirmed reports that Netflix Co-Chief Executive Ted Sarandos met with a group of movie theater chiefs in Las Vegas, a discussion he described as “introductory in nature” rather than about dealmaking since it was in a large group forum.

Netflix and AMC previously had a complicated relationship over the streaming service’s long-standing resistance to traditional theatrical releases.

Advertisement

But the two companies have recently partnered on several projects, including a Halloween weekend showing of the animated hit “KPop Demon Hunters,” New Year’s Eve screenings of the “Stranger Things” series finale and the first two episodes of the Netflix show “One Piece.”

Aron said AMC thoroughly embraced all three projects, and that both companies were pleased with the results.

“Both AMC and Netflix have individually said publicly that we hope this is the beginning of collaboration, and that we each expected more good joint projects to come in the future,” he said. “What those will be, I don’t even know yet, but I’m optimistic that we’ll be doing more things together with Netflix in the months and years ahead.”

Advertisement
Continue Reading

Business

David Ellison hits CinemaCon, vowing to make more movies with Paramount-Warner Bros.

Published

on

David Ellison hits CinemaCon, vowing to make more movies with Paramount-Warner Bros.

Paramount Skydance Chief Executive David Ellison made his case directly to theater owners Thursday, pledging to release a minimum of 30 films a year from the combined Paramount and Warner Bros. Discovery company during a speech at the CinemaCon trade convention in Las Vegas.

“I wanted to look every single one of you in the eye and give you my word,” Ellison said in a brief on-stage speech, adding that Paramount has already nearly doubled its film lineup for this year with 15 planned releases, up from eight in 2025.

He also said all films will remain in theaters exclusively for 45 days, starting Thursday. Films will then go to streaming platforms in 90 days. The amount of time that films stay in theaters — known as windowing — has been a controversial topic for theater owners, as some studios reduced that period during the pandemic. Theater operators have said the shortened window has trained audiences to wait to watch films at home and cuts into theater revenues.

“I have dedicated the last 20 years of my life to elevating and preserving film,” said Ellison, clad in a dark jacket and shirt with blue jeans. “And at Paramount, we want to tell even more great stories on the big screen — stories that make people think, laugh, dream, wonder and feel — and we want to share them with as broad an audience as possible.”

Ellison’s CinemaCon appearance comes as more than 1,000 Hollywood actors and creatives have signed a letter opposing Paramount’s proposed acquisition of Warner Bros. Supporters of the letter have said the deal would reduce competition in the industry and “further consolidate an already concentrated media landscape.”

Advertisement

Some theater operators have also questioned whether the combined company could achieve its goal of releasing 30 films a year, particularly after the cost cuts that are expected after the merger closes.

“People can speculate all they want — but I am standing here today telling you personally that you can count on our complete commitment,” Ellison said. “And we’ll show you we mean it.”

The speech came after a star-studded video directed by “Wicked: For Good” director Jon M. Chu that was shot on the Paramount lot on Melrose Avenue and showcased directors and actors including Issa Rae, Will Smith, Chris Pratt, James Cameron and Timothée Chalamet that are working with the company.

The video closed with “Top Gun” actor Tom Cruise perched atop the Paramount water tower.

“As you saw, the Paramount lot is alive again,” Ellison said after the video. “And we could not be more excited.”

Advertisement
Continue Reading

Business

Video: Why Your Paycheck Feels Smaller

Published

on

Video: Why Your Paycheck Feels Smaller

new video loaded: Why Your Paycheck Feels Smaller

Ben Casselman, our chief economics correspondent, explains why wages are not keeping up with inflation and what that means for American workers and the economy.

By Ben Casselman, Nour Idriss, Sutton Raphael and Stephanie Swart

April 18, 2026

Continue Reading
Advertisement

Trending