He reports to editor Davan Maharaj.
Ingrassia retired from the NYT at the end of last year and earlier did 25-year run at the Wall Street Journal.
LAT publisher Austin Beutner called Ingrassia "one of the most accomplished business journalists in the country and a journalistic innovator with an enviable track record."
He is to develop new print/online offerings and help the paper's recruiting and organizational planning efforts.
Upon Ingrassia's departure from the NYT, Dean Baquet, executive editor, credited him with handling the transformation of the International Herald Tribune to the NYT brand and hiring a "generation of young reporters to the Times who have made significant contributions to every aspect of our report.”
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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