This IS a business*

According to LA Observed, the New York Times will have a story tomorrow detailing a strange coup inside the Los Angeles Times. Apparently, the paper's monthly magazine has been taken out of the hands of editorial and turned over to the business department, all without the knowledge of the paper's top editors.

This is mind boggling.

Remember when the LA Times/Staples Center profit-sharing arrangement was considered a scandal?

*Update: I didn't see anything in the Saturday NYT on this. Maybe I looked in the wrong place, maybe the story will run later, maybe it's not going to run at all.