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LA Times Aims for $500M IPO Amid Struggles

12/3/2025

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Summary

Story summary

The Los Angeles Times plans to raise $500 million from outside investors to take the media group public.
The newspaper has faced declining subscriptions and ad sales, prompting layoffs and low staff morale under owner Dr. Patrick Soon-Shiong.
The Times launched a Palm Angels luxury streetwear collaboration, including a denim shirt priced at $1,078.
Soon-Shiong purchased the Los Angeles Times in 2018 for $500 million.

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Story summary

The Los Angeles Times plans to raise $500 million from outside investors to take the media group public.
The newspaper has faced declining subscriptions and ad sales, prompting layoffs and low staff morale under owner Dr. Patrick Soon-Shiong.
The Times launched a Palm Angels luxury streetwear collaboration, including a denim shirt priced at $1,078.
Soon-Shiong purchased the Los Angeles Times in 2018 for $500 million.