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LA Times owner Patrick Soon-Shiong announces plans to take paper public
LOS ANGELES COUNTY, CALIFORNIA, JUL 22 – Patrick Soon-Shiong aims to democratize ownership of the Los Angeles Times amid $50 million losses and staff cuts, seeking public investment to stabilize the paper’s future.
- Patrick Soon-Shiong, the owner of the Los Angeles Times, plans to take the publication public within the next year during an interview with Jon Stewart on The Daily Show.
- He aims to democratize the publication, allowing public ownership to bring diverse voices to the paper.
- Soon-Shiong expressed his belief that ownership will benefit the community, stating, "If you can cure cancer and have people have voice in the paper, I think we have, at least I have, lived this American dream."
- Jon Stewart mentioned the ownership structure of the Green Bay Packers in relation to Soon-Shiong's public plan for the L.A. Times.
78 Articles
78 Articles
LA Times Will Go Public ‘Over the Next Year’ Owner Patrick Soon-Shiong Announces – California Globe
Los Angeles Times owner Patrick Soon-Shiong confirmed on Tuesday that he will be taking the 143-year-old newspaper public, with shares to be offered later following regulation approvals. “We’re literally going to take LA Times public and allow it to be democratized and allow the public to have ownership of this paper,” said Soon-Shiong on the Daily Show on Monday. “In terms of the Times, there’s news reporting, and there’s editorial and voices, …
The US newspaper market has been in an economically tense situation for years. Traditional media houses have also stumbled, and employees have had to cut off. The owner of the Los Angeles Times, Patrick Soon-Shiong, plans the IPO of the 143-year-old newspaper to restore economic growth. He wants to democratize the paper and allow the public to participate, said the billionaire on Monday in a TV interview. As a model, the ownership structure of t…
Billionaire LA Times owner announces he’s taking the newspaper public
Billionaire Los Angeles Times owner Dr. Patrick Soon-Shiong announced on Monday that he would be taking the newspaper public sometime in the next year, calling it a move to democratize the paper.
Los Angeles Times owner says he plans to take paper public
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