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Stock impact report

Pacific Palisades' 97-year-old newspaper closed after the fire. Now it's staging a comeback [Los Angeles Times (CA)]

Snap Inc. Class A (SNAP) 
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New owners Laura and Tim Schneider hope the reborn paper can aid in the community's recovery by sharing information on the rebuilding process and luring residents and businesses back. After the loss of thousands of family homes and businesses to the Palisades fire, the subsequent closing of the community's nearly century-old newspaper felt like yet another a gut punch. But as the infrastructure of the Palisades rises from the ashes, the Palisadian-Post is preparing to stage an unexpected comeback. Longtime Pacific Palisades residents Laura and Tim Schneider purchased the paper and intend to relaunch it with a brand-new website on May 4, coinciding with the publication's 98th anniversary. “Laura and I are deeply committed not only to Pacific Palisades, but to the future of local journalism and community news,” Tim Schneider said. “It's going be a labor of love to rebuild the newspaper and we hope that by doing so, we can speed up the recovery of Pacific Palisades.” At a time Show less Read more
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