The Los Angeles Times received a Paycheck Protection Program loan for $10 million as advertising plunged due to the Covid-19 pandemic.The Times reported that the loan will cover employee salaries and other costs.“We lost tens of millions of dollars in advertising revenue pretty much instantly in March 2020, and the pandemic continues to take a toll on the public health and take a toll economically,” President and Chief Operating Officer Chris Argentieri told the publication. “We are still operating with great uncertainty.”A spokesperson for the Times confirmed the loan, and said that the paper was not previously eligible until the terms of the PPP program were changed.In December, lawmakers changed the PPP program to open it up to a wider
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