Current Events

This week in class we took a look at current business news and looked at how the different current events impacted our majors differently. The new event my team chose to look tat was the news revolving around the selling of the Los Angeles Times. It was bought by Billionaire Patrick Soon-Shiong among turmoil inside the business. The company has been having an increasing turnover  rate among high ranking employees during this time. This was helped fueled by having three editors in six months, its published being put on paid leave during a sexual harassment investigation and a vote to unionize the newsroom. This could impact my major in several ways. First, there will be a change in the stock market. Now that The Los Angeles Times and its sister company the San Diego Union-Tribune are under new ownership, there could be change in these companies stock prices. Another way my major would be affected would go through the new owner, Patrick Soon-Shiong. He will have both of these companies cash and cash equivalents to reinvest back into the business, and deciding where to allocate investment funds is a huge part of finance. Also, my Economics minor could come into play with this situation. The selling of a business between owners would focus more on the microeconomics side, not macroeconomics side. I also used this team building exercise to help further my skill of working in a team. This has taught me that most business current events can impact all majors, you just have to dive deeper into the problem and start to peel back the layers in order to find all the different ways it can impact a person. Working in teams can be a challenge for me because I like to take over, so it was good to be able to listen to others ideas and hear their input. #TUBusinessCareers #GoTU #TUCareerPrep