Biotech billionaire buys Los Angeles Times ‘to revive fortune of the newspaper’
- 08-Feb-2018
LOS ANGELES: Billionaire physician and investor Patrick Soon-Shiong agreed Wednesday to buy the Los Angeles Times, in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times and San Diego Union-Tribune to Soon-Shiong’s Nant Capital for $500 million […]