Tribune Publishing Co fires Austin Beutner, Los Angeles Times publisher

On Tuesday, Austin Beutner, Angeles Times Publisher was fired by Tribune Publishing Co. The news was confirmed by Mr. Beutner through a message posted on Facebook. He had joined the newspaper just one year ago to strengthen its position in the market after the newspaper group went through a spinoff from the TV business.

The company named Tim Ryan as its new publisher. Ryan who is 56 is the publisher of the Baltimore Sun, owned by Tribune. Regarding Mr. Beutner, noting much was mentioned in the news release except for that he was relieved from his duties with immediate effect.

People familiar with the matter say that Mr. Beutner's dismissal related to weak financial performance of the paper. All of Tribune's newspaper holdings have been plagued by drop in revenue in each quarter since the spinning off in August 2014from the broadcast unit.

The person said, "The brand has been underperforming some of its peers and there were significant costs added on top of the declines that were unfortunate."

According to another person who has knowledge of the situation the relationship between Mr. Beutner and Jack Griffin, Tribune's Chief Executive had not been very congenial since the time Mr. Beutner was hired.