Owner of troubled Los Angeles Times to sell newspaper to billionaire Los Angeles-based physician after staff revolt | WHAT REALLY HAPPENED


Owner of troubled Los Angeles Times to sell newspaper to billionaire Los Angeles-based physician after staff revolt

The owner of the Los Angeles Times is in talks to sell the newspaper to a billionaire medical entrepreneur.

Dr. Patrick Soon-Shiong, a major shareholder of parent company Tronc Inc., would pay $500million for the newspaper and the San Diego Union-Tribune, a person with knowledge of the deal told The Associated Press on Tuesday after word of the sale was first reported by The Washington Post and Times.

The person, who spoke on condition of anonymity because the sale hadn't been finalized, said the deal was coming together quickly, but cautioned it could still fall apart.

Comments

billionaire medical entrepreneur.

Old_Logan

(*A billionaire: that's a good thing , same kind of integrity we allowed into The Whitehouse
A physician: that will help expose the truth about vaccines and chemotherapy , and such
at least it'll be out of the hands of liberals)

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