An old Hollywood pro said something to me when I was just starting to produce movies: “Never fight with an actor,” he intoned. “You can’t win, they can get all the papers and magazines to blast you for years. If you have to bust up one, bide your time, and then destroy him.”

Correction: Slate did NOT say the LAT would fold. Most everyone else has.
A bunch of others are predicting that the LAT is going to cave into GM's advertising boycott or risk losing everything. BULL F***ING DOO DOO. GM claims that it is pulling advertising from LA Times in response to the editorial content of the paper. I doubt it, and I wrote about GM’s serious problems HERE a few days ago. It's my take that GM is the producer who thinks he has power, and the LAT is the actor who can blast away.

Keep in mind that GM has decided to hurt a newspaper that prints every day. The LAT has reporters they can turn loose on the company who will look up the backgrounds on every executive in the corporation all over the world; they can hire private detectives; get awful information from disgruntled sources inside GM; in short, the LA Times can destroy GM. They can do it with “news.” They smeared Nordstrom’s for years because Nordstrom’s didn’t advertise. They didn’t need to advertise, but they caved. Once Nordstrom’s started running a small ad once a week the attacks stopped. GM is going to regret this action. Wait for the negative "news" to start appearing within articles and hit pieces will be featured in the Business Section. For the rest of you, never fight with the media; you can't win.