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Patrick Soon-Shiong to Take LA Times Public Amid Criticism

7/22/2025

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Summary

Story summary

Patrick Soon-Shiong plans to take the Los Angeles Times public within a year, as announced on "The Daily Show."
His goal is to democratize ownership and enable public investment in the newspaper.
Soon-Shiong's leadership has faced criticism over layoffs and editorial conflicts, especially concerning political endorsements.
He acquired the Times in 2018 for $500 million, restoring local control after Tronc's ownership.

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Story summary

Patrick Soon-Shiong plans to take the Los Angeles Times public within a year, as announced on "The Daily Show."
His goal is to democratize ownership and enable public investment in the newspaper.
Soon-Shiong's leadership has faced criticism over layoffs and editorial conflicts, especially concerning political endorsements.
He acquired the Times in 2018 for $500 million, restoring local control after Tronc's ownership.