The Los Angeles Times is locally owned for the first time in nearly 20 years, after Dr. Patrick Soon-Shiong took ownership of the newspaper Monday, reports CNN Money. Soon-Shiong acquired the Times, The San Diego Union-Tribune, and the rest of the California News Group from Tronc for $500 million, telling employees in a memo that he hopes to make the Times competitive with The New York Times and The Washington Post.
Local Billionaire Patrick Soon-shiong Takes Ownership Of The Los Angeles Times
The Week - Business, The Week: Business
Mon, 06/18/2018 - 1:24pm
BING NEWS:
- LA Times ‘Trapped in a Mess’ as Owner Patrick Soon-Shiong Pulls More Newsroom Strings | Exclusive
Los Angeles Times staffers were "very uncomfortable" covering a story about ImmunityBio, a biotech company owned by publisher Patrick Soon-Shiong.
04/26/2024 - 4:50 am | View Link - Buying your local newspaper out from a chain: attractive in theory, tougher in practice
Not exactly local ownership — the Binkley’s base is six hours away in Fairbanks. Medical entrepreneur Dr. Patrick Soon-Shiong bought the Los Angeles Times from Tribune Publishing for nearly $ ...
07/19/2020 - 1:00 pm | View Link - More
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