The company, which says it plans an initial public offering next fall, announced on Thursday that it would seek to raise up to $500 million selling private shares to investors.
Category: Soon-Shiong, Patrick
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L.A. Times Owner Says He Will Take Newspaper Public in Next Year
Dr. Patrick Soon-Shiong did not share details about the planned offering. The newspaper has not been profitable under him, and his job cuts have angered staff.
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Los Angeles Times Owner Wades Deeper Into Opinion Section
Dr. Patrick Soon-Shiong’s public comments and actions, including recently blocking an editorial weighing in on President-elect Trump’s cabinet picks, have concerned many staff members.
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L.A. Times Owner Plans ‘Bias Meter’ Next to Coverage
Dr. Patrick Soon-Shiong said that he planned to introduce the tool, which he said would appear next to the paper’s news articles and opinion pieces, in January.
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Daughter of L.A. Times Owner Says Endorsement Decision Stemmed From Harris Stance on Gaza War
After the paper canceled its planned endorsement of Kamala Harris, the owner, Patrick Soon-Shiong, said his daughter didn’t speak for the organization. But many staff members questioned his motives.
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Washington Post Says It Won’t Endorse a Presidential Candidate
Will Lewis, the company’s chief executive, said the paper was “returning to our roots” of not endorsing presidential candidates.
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L.A. Times Editorial Chief Quits After Owner Blocks Harris Endorsement
Mariel Garza said the editorial board was prepared to endorse Kamala Harris, but the paper’s owner, Patrick Soon-Shiong, decided not to make an endorsement in the presidential race.
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Los Angeles Times Owner Clashed With Top Editor Over Unpublished Article
The owner, Dr. Patrick Soon-Shiong, had raised concerns with Kevin Merida, who stepped down this month, over reporting about a wealthy doctor and his dog.
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The News About the News Business Is Getting Grimmer
Mass layoffs, closures and reader fatigue are afflicting news organizations as Americans prepare for a consequential election year.
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Los Angeles Times to Slash Newsroom by Over 20%
The layoffs represent the biggest newsroom reduction since the biotech billionaire Patrick Soon-Shiong bought the company in 2018.
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Tensions Erupt at Los Angeles Times as Owner Weighs Deep Cuts
The biggest news organization on the West Coast has been roiled by the potential layoffs of roughly 100 newsroom employees.
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Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.
Time magazine, The Washington Post and The Los Angeles Times — owned by Marc Benioff, Jeff Bezos, and Dr. Patrick Soon-Shiong — are still losing money.