Source: Axios
“Los Angeles Times owner Patrick Soon-Shiong said he wants to take the newspaper public in a Monday appearance on ‘The Daily Show.’ The announcement comes after years of newsroom turmoil as the biotech billionaire tries to reshape the legacy paper. … Soon-Shiong bought The LA Times and the San Diego Union-Tribune in 2018 for $500 million. He sold the latter to MediaNews Group in 2023. The owner has repeatedly faced backlash from his staff for his decisions. He blocked the paper’s planned presidential endorsement for Kamala Harris, prompting its editorial editor to resign and a reported 20,000 subscription cancellations.” (07/22/25)