CNPA

CNPA Mission Statement

To protect and serve the common interests of its newsmedia members, to help members inform and thereby strengthen their communities, and to foster the highest ideals, ethics and traditions of journalism, a free press and the news profession.

Press enter to begin your search

Billionaire Patrick Soon-Shiong to acquire Los Angeles Times, San Diego Union-Tribune

Billionaire Patrick Soon-Shiong to acquire Los Angeles Times, San Diego Union-Tribune

The Los Angeles Times reported on Feb. 7 that its owners, tronc, had reached a deal to sell The Times, The San Diego Union-Tribune, Spanish-language Hoy Los Angeles and community newspapers to Los Angeles biotech billionaire Dr. Patrick Soon-Shiong.

His investment company will pay $500 million for the newspapers and will assume $90 million in pension liabilities.

X