Who Owns The Los Angeles Times?

Los Angeles Times

The July 10, 2021 front page of the Los Angeles Times
Type Daily newspaper
Format Broadsheet
Owner(s) Los Angeles Times Communications LLC (Nant Capital)
Founder(s) Nathan Cole Jr. and Thomas Gardiner

Who is the new owner of the LA Times?

What is the identity of Dr. Patrick Soon-Shiong, the new owner of the Los Angeles Times? Following a successful biotech business and a successful surgical career, Patrick Soon-Shiong, pictured here at a conference in Beverly Hills in 2015, has acquired ownership of the Los Angeles Times, the San Diego Union-Tribune, and a number of smaller newspapers.

Who is buying the Los Angeles Times?

It was announced Wednesday that Soon-Nant Shiong’s Capital had struck an agreement to purchase the Los Angeles Times, the San Diego Union-Tribune, and a group of smaller newspapers for $500 million, as well as absorb Tronc’s $90 million in pension liabilities. The publisher stated in a statement that he was devoted to ″continue the rich legacy of award-winning journalism″ at the magazines.

Who owns the LA Times now?

The paper’s employees chose to unionize in January 2018 in response to this situation. It was revealed the following month that the Los Angeles Times was being sold to a local biotech tycoon, Patrick Soon-Shiong, for $500 million.

Is the owner of the LA Times Chinese?

In light of this, the paper’s employees decided in January 2018 to form a union. It was revealed the following month that the Los Angeles Times was being sold to a local biotech tycoon named Patrick Soon-Shiong for $500 million dollars.

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Patrick Soon-Shiong
Title CEO of Nantworks LLC Owner of Los Angeles Times Owner of San Diego Tribune
Spouse(s) Michele B. Chan
Children 2
Chinese name

Is LA Times owned by Tribune?

″When he made the investment in 2016, he anticipated it would pave the road for him to become the owner of a local newspaper in Southern California. It was with great pride that he and his family purchased the Los Angeles Times and the San Diego Union-Tribune from Tribune Publishing, resulting in the formation of the California Times.

What type of newspaper is the Los Angeles Times?

It is the biggest metropolitan daily newspaper in the United States, with more than 40 million unique latimes.com visitors monthly, a Sunday print readership of 1.6 million, and a combined print and online viewership of 4.4 million in the Los Angeles area weekly.

When did the Chandlers sell the LA Times?

11th of November, 2004 With the death or loss of influence of the core group of family members who launched the newspaper to prominence, the extended Chandler clan progressively shifted its focus away from the media company. In 2000, they agreed to sell the family-controlled Times Mirror Co. to Tribune Company.

Who is the richest man in LA?

Patrick Soon-Shiong has reclaimed the top place on the list of the wealthiest Angelenos.

Who is the richest doctor in California?

Patrick Soon-Shiong is worth at least $8 billion dollars now, despite the fact that he is sixty-nine years old. He has been dubbed ″the wealthiest guy in Los Angeles,″ and he is considered to be one of the wealthiest doctors in the world.

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Who owns Alden hedge fund?

Alden Global Capital made an offer to buy Lee Enterprises in November 2021 for $24 per share in cash, or about $141 million. The offer was accepted. Lee owns daily newspapers in 77 areas in 26 states, as well as around 350 weekly and specialist publications, according to its website. Alden Global Capital is a private equity firm.

Type Privately held company
Website aldenglobal.com

Who is Dr Patrick Soon-Shiong the new owner of the LA Times?

With the purchase of The Times and the Union-Tribune in June 2018, Soon-Shiong and his wife, Michele, became the owners of the two newspapers for a total of $500 million. Since then, the firm, which is now known as California Times, has gone on an extraordinary recruiting binge, bringing on more than 150 new journalists to The Times’ staff.

Who owns the Tribune newspaper?

The Tribune Trust is the company that publishes all three publications. The Tribune Trust, whose trustees include S. S. Sodhi, S. S. Mehta, and Gurbachan Jagat, is now led by Narinder Nath Vohra, who is also the current president. This is according to the Tribune (Chandigarh)

Voice of the People
Owner(s) Tribune Trust
Founder(s) Dyal Singh Majithia
Publisher Tribune Trust
Founded 2 February 1881

Who reads LA Times?

The Tribune Trust is the company that publishes all three of the daily publications mentioned above. The Tribune Trust, whose trustees include S. S. Sodhi, S. S. Mehta, and Gurbachan Jagat, is now led by Narinder Nath Vohra, who has served as president since 2011. Tribune Newspapers, Inc. (Chandigarh)

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Who owns Washington Post?

Jeff Bezos, the CEO of Amazon, has agreed to acquire the Washington Post newspaper for $250 million (£163 million) in cash. Mr. Bezos is purchasing the paper and the company’s other print assets on his own behalf. In fact, the Graham family has owned the Post for more than 80 years.

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