data-mm-id=”_u72lab27p”>A letter sent to 40 Los Angeles Times employees portends very bad things for the future due to coronavirus-related concerns. The New York Times' Marc Tracy reports:Internal Los Angeles Times letter sent to 40 employees indicated 16-week furloughs that could convert to layoffs. Due to covid, "The Times has lost more than one-third of its advertising revenue and expects to lose more than half of its advertising revenue in the coming months."— marc tracy (@marcatracy) April 14, 2020Other changes, per company spokesoman:* Execs on business and editorial side taking paycuts;* Suspending 401(k) matching;* Meeting with union reps to discuss "expense-saving initiatives"— marc tracy (@marcatracy) April 14, 2020A 16-week furlough translates to…