Dr. Patrick Soon-Shiong announced plans to take the Los Angeles Times public within the next year. He aims for this move to democratize the newspaper, allowing public ownership and reflecting diverse voices. Although he did not specify the details of the arrangement, he confirmed that an organization is currently developing the plan. Soon-Shiong acquired the L.A. Times and other publications in 2018, returning it to local control after years under Tronc amidst ongoing financial challenges faced by the news industry.
Dr. Patrick Soon-Shiong stated that taking the Los Angeles Times public would democratize the newspaper, allowing public ownership to reflect the voices of the people.
Soon-Shiong did not provide specific details on how the public offering will take place but indicated plans are in progress with an organization to facilitate this.
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