Distance Energy Healing – Traditional, Authentic, and Compassionate Support, including Prayer.
➤ guerisseurhealer.com Ads
You are currently viewing L.A. Times Owner Says He Will Take Newspaper Public in Next Year

Dr. Patrick Soon-Shiong did not share details about the planned offering. The newspaper has not been profitable under him, and his job cuts have angered staff.

The owner of the Los Angeles Times, Patrick Soon-Shiong, said on Monday that he would take the newspaper public in the next year.

Dr. Soon-Shiong, a former surgeon who built his fortune by developing cancer drugs, bought the Los Angeles Times in 2018 for $500 million from Tronc, a media company that was, at the time, listed on the New York Stock Exchange.

Since taking over the newspaper, Dr. Soon-Shiong has struggled to make it profitable, and a history of deep losses would cloud its appeal to investors. AdWeek reported that the L.A. Times lost $50 million in 2024 as paid subscriptions fell to just over 300,000. The newspaper laid off more than 20 percent of its newsroom staff last year.

A public offering would happen “over the

Leave a Reply