US EditionLA Times owner Patrick Soon-Shiong announces plans to take paper public
LOS ANGELES COUNTY, CALIFORNIA, JUL 22 – Patrick Soon-Shiong plans to address financial losses and ideological conflicts by taking the Los Angeles Times public within a year, after the paper lost $50 million in 2024, officials said.
- 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.
29 Articles
29 Articles
L.A. Times owner plans to take newspaper public
The Los Angeles Times will become a publicly traded company. Billionaire owner Dr. Patrick Soon-Shiong made the announcement on Monday night, during his appearance on "The Daily Show." “It's important for the paper to have voices of all," he explained to Jon Stewart. "Whether you right, left, Democrat, Republican, you’re an American. So the opportunity for us to provide a paper that is the voices of the people, truly the voices of the people." "…
LA Times owner says he plans to take paper public in the next year
Patrick Soon-Shiong. (File photo) The owner of the Los Angeles Times plans to take the newspaper public in the next year, allowing it “to be democratized and allow the public to have ownership of this paper,” he said. Dr. Patrick Soon-Shiong told Jon Stewart on Monday’s episode of “The Daily Show With Jon Stewart” that he was “working through” the move with “an organization that’s putting that together right now.” Soon-Shiong did not say whether…
Daily Breeze
San Gabriel Valley TribuneLA Times owner says he’ll take the paper public
The owner of the Los Angeles Times plans to take the newspaper public in the next year, allowing it “to be democratized and allow the public to have ownership of this paper,” he said. Dr. Patrick Soon-Shiong told Jon Stewart on Monday’s episode of “The Daily Show With Jon Stewart” that he was “working through” the move with “an organization that’s putting that together right now.” Soon-Shiong did not say whether the deal would involve an initial…
Los Angeles Times to go public, owner Soon-Shiong says
(Reuters) -The Los Angeles Times newspaper plans to go public within the next year, its owner Patrick Soon-Shiong said in a television interview on Monday, in an effort to give the public ownership of the 143-year-old publication. “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,” Soon-Shiong said on “The Daily Show” in a taped interview with the host, Jon Stewart…
The LA Times' billionaire owner says he plans to take the paper public and 'allow it to be democratized'
Patrick Soon-Shiong, the owner of the LA Times, said he will take the paper public over the next year.Axelle/Bauer-Griffin/Getty ImagesThe owner of the LA Times said he's going to take the paper public.Billionaire investor and businessman, Patrick Soon-Shiong, said the IPO will happen over the next year.The move would allow the paper to be "democratized," he said in an episode of "The Daily Show."The billionaire owner of the Los Angeles Times, P…
Coverage Details
Bias Distribution
- 65% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
