Tronc selling Los Angeles Times to investor Patrick Soon-Shiong
NEW YORK (CNNMoney) - The owner of the Los Angeles Times has reached a deal to sell the paper to biotech billionaire Patrick Soon-Shiong, bringing the paper back under local control for the first time in nearly two decades. Tronc, the Chicago-based ...
Los Angeles Times sold to local billionaire for $500 million
LOS ANGELES (AP) — A biotech billionaire struck a $500 million deal Wednesday to buy the Los Angeles Times, ending the paper's quarrelsome relationship with its Chicago-based corporate overseers and bringing it under local ownership for the first timeĀ ...
Turmoil at LA Times Has Newsroom In a Tailspin
What emerged was an unflattering portrait of a journalist who often alienates people who work for him. The piece also noted that D'Vorkin quickly cycles through jobs, including positions at the New York Times, USA Today, the Wall Street Journal and Forbes.