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 @ISIDEWITHNewsUnited StatesMediaBusinessLos Angeles Times11mos ago

Billionaire Owner Plans to Take Los Angeles Times Public Amid Financial Struggles

Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times, has announced plans to take the historic newspaper public within the next year.

The move comes as the paper faces ongoing financial challenges, including declining subscribers, circulation, and staff cuts. Soon-Shiong says the public offering aims to 'democratize' ownership and allow the public to have a stake in the paper, though he intends to retain majority control. The announcement has sparked mixed reactions among staff and media analysts, with some expressing skepticism about the paper's prospects as a publicly traded company.

Details about the IPO, including its structure and financial targets, remain limited.

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 @VOTA submitted…2yrs2Y

U.S. Students Slide in Math, Science Test Scores

U.S. scores were no better than when the tests were first given in 1995. In math, the recent declines wiped out years of gains. American science scores have fallen since 2015, although the latest drops from 2019 weren’t statistically significant.The results come as President-elect Donald Trump has criticized America’s education system and pledged to abolish the federal Education Department. Wednesday’s release did come with a slice of good news, though: U.S. students still score above international averages, which include countries with a range of economic levels.Some other countries’ scores also declined since before the pandemic, but U.S. rankings slid comparatively on some measures, falling to 24 out of 45 education systems in eighth-grade math and 15 out of 63 in fourth-grade science.Countries whose performance moved ahead of the U.S. included Finland in math, England in science, and Poland for both subjects in fourth grade.High-scoring countries included Singapore, Japan and England. Officials say it is difficult to determine why some places excel and others struggle. The quality of a country’s schools, as well as other factors like poverty, can influence test performance. Carr said some countries use curriculum that is more closely aligned with the TIMSS exams.Even as U.S. schools have long since returned to normal from Covid-19 closures, educators struggled with new challenges. More teachers have left the profession. Student misbehavior and absenteeism jumped. “Coming out of Covid, parents and students got comfortable with the idea that it’s OK to stay home,” said Suzan Harris, a middle-school principal in Butts County, Ga. Chronic absenteeism rates have improved recently, but remain elevated compared with prepandemic figures, according to an American Enterprise Institute compilation of state data.In the years before the pandemic, national exams showed that school achievement was already stagnating or declining.

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