L.A. Times Owner Says He Will Take Newspaper Public in Next Year
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.
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