L.A. Times shutting down its Valley site

first_imgCHATSWORTH – Closing a chapter it began more than 20 years ago, the Los Angeles Times said Monday it would shut down its San Fernando Valley facility, eliminate 110 jobs as part of a printing plant consolidation and put the 26-acre site up for sale. The decision ends a costly push into the Valley that the Times began in 1983, when the 250,000-square-foot facility on Prairie Street between Winnetka and Corbin avenues opened. It served as the Times Valley headquarters, housing editorial, advertising, circulation and support operations, in addition to the printing facility. As the Times dramatically scaled back its Valley coverage in recent years, the few remaining Valley reporters operated out of an office in Encino that now is expected to be closed. Chatsworth’s printing operations will be melded into those in downtown, Costa Mesa and Irwindale. The Times, which has faced steep declines in circulation and advertising in recent years, said the closing would not impact publication of either its Valley or Ventura County editions. The job cuts would be spread across all the paper’s printing facilities. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals “We deeply regret the impact this consolidation will have on employees, but the reality is that The Times has invested $500 million to modernize and build new facilities and expand color capacity since the Chatsworth plant became operational,” Mark H. Kurtich, the paper’s senior vice president of operations, said in statement. The consolidation will be completed in next year’s first quarter and the Times will sell its Chatsworth holdings. Company spokesman David Garcia said this move caps a series of deep cost-slashing moves, including employee buyouts, that began this fall. About 300 employees will be leaving the paper, with nearly 100 of those jobs being eliminated in the editorial department. Garcia declined to say how much the restructuring would save the Times, which is owned by Chicago-based Tribune Co. Bruce Ackerman, president and chief executive officer of the Economic Alliance of the San Fernando Valley, lamented the decision. “I’m not happy with the impact it’s going to have on the Valley,” Ackerman said of the job loss. But he said the huge parcel is a valuable asset and thinks it will make an “incredible” location for a manufacturer. Scott Caswell, senior vice president of Delphi Business Properties who has worked in the Chatsworth area for more than two decades, said the parcel should command a premium price. “It’s a nice piece of property and has the potential for further expansion,” he said. Gregory J. Wilcox, (818) 713-3743 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img