Los Angeles Times sold in $500m deal with biotech billionaire

by | February 7, 2018 4:29 pm

The Los Angeles Times has been sold to the biotechnology billionaire Patrick Soon-Shiong for $500m by US publisher Tronc, following months of mounting turmoil at its flagship newspaper. The cash deal also includes the San Diego Union-Tribune and a number of smaller regional newspapers. Soon-Shiong will also assume $90m in pension liabilities. The 65-year-old South…

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