Which is a technical way of saying that Baquet has been fired.
When things happen at the L.A. Times, the place to read about it is L.A. Observed. Today is no exception; go here for details.
According to the L.A. Observed post, people at the paper are not happy. L.A. Observed reminds us that top editors had pledged to leave if Baquet were forced to step down. I don’t know whether there will be mass resignations or not, but it’s safe to say that the paper will experience some tumult in coming days, as staffers and editors express their disgust with Tribune — by word, deed, or perhaps both.
UPDATE: This was posted from my Treo. I didn’t know that See Dubya had already broken the news below. Ah well. I’m closing comments on his post; you can comment here.
UPDATE x2: Here is the L.A. Times story on the resignation.