Patrick Soon-Shiong, a billionaire doctor, is about to buy The Los Angeles Times.
The 44-Pulitzer Prize newspaper and Soon-Shiong have had a contentious relationship with Tronc, its holding company, over the years. Soon-Shiong is a major shareholder, even though Tronc removed him from their board last year. There’s been a carousel of battling editors and publishers, disputes with Disney, leaks to the New York Times, etc. Soon-Shiong says he considers newspapers a “public trust” and that the press is a “valuable tool for the community.”