Patrick Soon-Shiong buys California newspapers from Tronc for $500m in cash, allowing paper to repay outstanding debtThe Los Angeles Times is being sold to a local billionaire for $500m, ending its strained tenure under the owner of the Chicago Tribune. Related: Fake news sharing in US is a rightwing thing, says study Continue reading…

Source: https://www.theguardian.com/media/2018/feb/07/los-angeles-times-and-san-diego-union-tribune-sold-to-biotech-billionaire