Village Voice Media apparently tried to retain Gold with "money the chain had not previously shown itself willing to commit."
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The rumors would squash talk that coming cuts could affect the paper's Food Section.
The paper crowns five winners in a recipe contest and offers a look into its test kitchen.
The L.A. Times' younger, cooler sister ceases publication, a blow to local food and drink fans.
The L.A. Times and Food & Wine, rivals only last summer, are now a team for a new series of events called The Taste.