{"id":83842,"date":"2025-07-22T18:18:11","date_gmt":"2025-07-22T18:18:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/83842\/"},"modified":"2025-07-22T18:18:11","modified_gmt":"2025-07-22T18:18:11","slug":"los-angeles-times-to-go-public-over-next-year-according-to-owner","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/83842\/","title":{"rendered":"Los Angeles Times to Go Public \u2018Over Next Year,\u2019 According to Owner"},"content":{"rendered":"<p>Dr. <a href=\"https:\/\/www.adweek.com\/media\/los-angeles-times-50m-subscriber-advertiser-losses\/\" data-type=\"link\" data-id=\"https:\/\/www.adweek.com\/media\/los-angeles-times-50m-subscriber-advertiser-losses\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Patrick Soon-Shiong<\/a>, the controversial owner of the <a href=\"https:\/\/www.adweek.com\/media\/los-angeles-times-adspeak\/\" data-type=\"link\" data-id=\"https:\/\/www.adweek.com\/media\/los-angeles-times-adspeak\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Los Angeles Times<\/a>, announced that he will take the newspaper public \u201cover the next year.\u201d<\/p>\n<p>Soon-Shiong made the statement during Monday night\u2019s edition of The Daily Show With Jon Stewart on Comedy Central.<\/p>\n<p>He did not provide additional details regarding the Los Angeles Times\u2019 public offering, but he said that by going public, it would \u201cdemocratize\u201d the publication, giving the general public a chance at ownership of the newspaper.<\/p>\n<p>\u201cIt\u2019s important for the paper to have voices of all,\u201d Soon-Shiong told Stewart.<\/p>\n<p>The Los Angeles Times was purchased by Soon-Shiong in 2018 from Tribune Publishing, formerly Tronc, for $500 million. Under his stewardship, <a href=\"https:\/\/www.adweek.com\/media\/los-angeles-times-50m-subscriber-advertiser-losses\/\" target=\"_blank\" rel=\"nofollow noopener\">the paper continues to lose money<\/a>, incurring a $50 million loss in 2024, alongside a 25,000-subscriber decline in recent months.<\/p>\n<p>A significant portion of the subscriber loss has occurred amid a swirl of drama surrounding the storied news operation, with Soon-Shiong adopting an increasingly hands-on approach to the Times\u2019 business over the past two years.\u00a0<\/p>\n<p>Several of Soon-Shiong\u2019s new initiatives are political, such as his October decision to revoke the paper\u2019s <a href=\"https:\/\/www.latimes.com\/business\/story\/2024-10-25\/latimes-no-presidential-endorsement-decison-resignations\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">presidential endorsement<\/a> and his December directive to append a <a href=\"https:\/\/www.npr.org\/2024\/12\/19\/nx-s1-5234115\/the-l-a-times-will-have-a-bias-meter-in-their-effort-to-revamp-their-image\" target=\"_blank\" rel=\"nofollow noopener\">bias meter<\/a> to the Times\u2019 reporting. In April, the paper introduced a product, powered by <a href=\"https:\/\/www.adweek.com\/category\/artificial-intelligence-2\/\" target=\"_blank\" rel=\"nofollow noopener\">artificial intelligence<\/a>, that generates opposing <a href=\"https:\/\/nypost.com\/2025\/04\/17\/media\/la-times-offers-ai-generated-opposing-viewpoint-on-columns\/\" target=\"_blank\" rel=\"nofollow noopener\">viewpoints<\/a> to its opinion columns.<\/p>\n<p>These decisions, combined with the impact of the Pacific Palisades fires on some of its readers, have led to an exodus of both paying subscribers and advertisers.\u00a0<\/p>\n<p>In response to the declines in revenue, the publisher has resorted to <a href=\"https:\/\/pressgazette.co.uk\/publishers\/journalism-job-cuts-2025-tracked\/\" target=\"_blank\" rel=\"nofollow noopener\">buyouts<\/a>, budget cuts, and <a href=\"https:\/\/www.thewrap.com\/la-times-dozens-of-layoffs-business-divisions\/\" target=\"_blank\" rel=\"nofollow noopener\">headcount reductions<\/a> to stem its losses, according to multiple sources.<\/p>\n","protected":false},"excerpt":{"rendered":"Dr. Patrick Soon-Shiong, the controversial owner of the Los Angeles Times, announced that he will take the newspaper&hellip;\n","protected":false},"author":3,"featured_media":83843,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[1582,276,8297,2961,224,5337,44684,56897],"class_list":{"0":"post-83842","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-ca","9":"tag-california","10":"tag-digital","11":"tag-la","12":"tag-los-angeles","13":"tag-losangeles","14":"tag-media-news","15":"tag-publishing-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114898265817315065","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/83842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=83842"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/83842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/83843"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=83842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=83842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=83842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}