Patrick Soon-Shiong

The Ins And Outs Of A Potential McClatchy-Tronc Merger

Could McClatchy (NYSEMKT:MNI) unexpectedly join Gannett (NYSE:GCI) and GateHouse as survivors in the game of the American daily newspaper …

Tronc

CNN: Buffett, Bezos, Billionaires Are Snapping Up Newspapers Amid Falling Fortunes

The newspaper industry might be struggling in the digital era, but that is not stopping billionaires from Berkshire Hathaway's Warren Buffet to …

Conservative View

Why do billionaires want to own the news?

<b>What does a person who already has everything want: another sports car, a bigger yacht, or maybe a champion sports team?</b><p>Increasingly, the answer seems to be a high profile newspaper or magazine that has fallen on hard times.<p>Business moguls - even those whose values were forged long after the era of …

News (U.S.)

Tronc looking for new head of labor relations

Tronc is looking for a new director of labor relations, and one of the job responsibilities will be “maintaining the non-union status of the …

Tronc

LA Times Beijing Bureau Chief Resigns After Sex Investigation

The head of the Los Angeles Times' Beijing bureau has resigned four months after the newspaper suspended him following sexual harassment complaints …

Los Angeles

Marc Benioff, Salesforce Founder, Buys Time Magazine

Salesforce founder Marc Benioff and his wife, Lynne, are buying Time magazine for $190 million in cash from Meredith Corp. Benioff is the latest in a …

Business

What you need to know in advertising today

The sale comes just eight months after Meredith Corp., which publishes such titles as People, Better Homes and Gardens, and Entertainment Weekly, completed its purchase of the iconic magazine.<p>Meredith also listed several other titles, including, Fortune, Money, and Sports Illustrated, though …

Advertising

Tronc, McClatchy higher amid merger talk reports

Tronc (TRNC +0.8%) is paring some early gains today in the wake of weekend reports that it's engaged in early-stage talks for an acquisition by …

Business

Biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong is talking to newspaper chain McClatchy about buying Tronc

• <b>Los Angeles Times owner Patrick Soon-Shiong is considering bidding for newspaper publisher Tronc, according to people familiar with the matter.</b>• <b><br>Soon-Shiong is considering a joint bid with newspaper publisher McClatchy. He had previously been in talks to team up with a hedge fund manager for Tronc,</b> …

Hedge Funds

Lakers CEO Jeanie Buss talks business (and championships) at team’s high-tech El Segundo home

Shortly before Los Angeles Lakers CEO Jeanie Buss received the Champion of Business Award from the City of El Segundo Wednesday night, cancer pioneer …

Los Angeles

Bruce Gordon grows stake in Nine to nearly 25%

A disclosure of increased ASX funds could throw into doubt Nine’s takeover of Fairfax Media.The post Bruce Gordon grows stake in Nine to nearly 25% …

Mergers & Acquisitions

LA Times owner: We have people on the ground, social networks don’t

Patrick Soon-Shiong discusses the changing nature of the news media industry.

News Media

Daybreak Partners With NantWorks To Create Mobile Versions Of H1Z1 And EverQuest

We haven’t seen a news day like this in quite a while. CCP Games was purchased, Carbine and WildStar are shutting down, the Amalur IP was scooped up, …

MMOGs

New LA Times owner makes big esports investment into Daybreak Games

Los Angeles-based billionaire Dr. Patrick Soon-Shiong has been making waves in Southern California with his recent purchase of the Los Angeles Times, …

Game Development

Nantworks invests in Daybreak Game Company, creates new joint publishing division

Nantworks, a Culver City-based company run by LA Times-owner Dr. Patrick Soon-Shiong, has announced it has obtained a controlling interest in H1Z1 …

Gaming Industry

LA billionaire's hospital chain declares bankruptcy

Dr. Patrick Soon-Shiong is a billionaire entrepreneur, philanthropist, surgeon and the new owner of the Los Angeles Times.<p>Many viewed Soon-Shiong as …

Health Care

Newsonomics: Could a McClatchy-Tronc merger help local newspapers transition to digital?

Could McClatchy unexpectedly join Gannett and GateHouse as survivors in the game of the American daily newspaper consolidation?<p>Could California become a new epicenter of the American local newspaper business?<p>Could Patrick Soon-Shiong have found a bigger lab to test his theories of AI-enhanced …

Media Industry

Los Angeles billionaire's hospital system declares bankruptcy

California hospital chain Verity Health filed for Chapter 11 bankruptcy on Friday and will attempt to sell some or all of its six hospitals after the failure of a yearlong effort by Los Angeles billionaire Patrick Soon-Shiong to save the system.<p>In an official news release, as well as a letter …

California

LA Times owner: 'I would absolutely defend' news media rivals from President Trump's attacks

The new owner of the LA Times told CNBC on Friday that he is prepared to publicly support news media rivals, amid another wave of fierce criticism …

Donald Trump

Verity Health hospitals in Bay Area will stay open during bankruptcy

The four Bay Area hospitals run by Verity Health — the California health system that filed for Chapter 11 bankruptcy protection Friday — will remain …

Los Angeles

Did Patrick Soon-Shiong's high-tech gamble help bring 6 hospitals to the brink?

Most Popular<p>#1<p>Nursing workforce development programs will receive support through 2022. ...<p>#2<p>The large hospital system was accused of 'up-coding' …

Trump Administration

Feder: L.A. Times owner reportedly looking to acquire tronc

Patrick Soon-Shiong, the biotech billionaire who paid $500 million to buy the Los Angeles Times from Chicago-based tronc, may have his sights on …

Los Angeles

A small team from New York University is working on ways to archive news apps and make them accessible via browsers

8:20 AM ET, August 26, 2018<p>Issie Lapowsky / Wired:<p><b>NewsGuard, which rates the trustworthiness of news sites, releases Chrome and Edge plug-ins to show</b> …

New York University

NewsGuard, which rates the trustworthiness of news sites, releases Chrome and Edge plug-ins to show detailed ratings, partners with libraries to educate readers

6:40 PM ET, August 25, 2018<p>Jacqueline Howard / CNN:<p><b>Study: IRA-backed trolls flooded social media to amplify online debates about vaccines, often</b> …

Social Media

Reddit mods have notified Reddit employees since July 2017 of an Iranian disinformation operation on the site to no response; Reddit now says it's investigating

4:55 AM ET, August 26, 2018<p>Issie Lapowsky / Wired:<p><b>NewsGuard, which rates the trustworthiness of news sites, releases Chrome and Edge plug-ins to show</b> …

Internet

Sources: LA Times owner Patrick Soon-Shiong is in talks to join the Donerail Group which is in talks to acquire Tronc

4:20 PM ET, August 24, 2018<p>Felix Salmon / Slate:<p><b>A New York Times article on a preliminary study of Facebook use and hate crimes in Germany overstated</b> …

Tronc

Tucker Carlson has avoided the close relationship to Trump that others at Fox News share but he demonstrates a profound influence on the president

8:45 PM ET, August 24, 2018<p>Felix Salmon / Slate:<p><b>A New York Times article on a preliminary study of Facebook use and hate crimes in Germany overstated</b> …

News Industry

Study: IRA-backed trolls flooded social media to amplify online debates about vaccines, often linking messages around vaccines to racial or class disparities

2:50 AM ET, August 25, 2018<p><b>Sources: LA Times owner Patrick Soon-Shiong is in talks to join the Donerail Group which is in talks to acquire Tronc</b> — - …

Social Media

BuzzFeed China bureau chief Megha Rajagopalan, who has been in the country since 2012, says China's Foreign Ministry declined to issue her a new journalist visa

5:25 PM ET, August 24, 2018<p>Felix Salmon / Slate:<p><b>A New York Times article on a preliminary study of Facebook use and hate crimes in Germany overstated</b> …

News Industry

A look at the harm from a spike in newsprint costs driven by Trump tariffs; the US International Trade Commission will consider the tariffs on Tuesday (Paul Farhi/Washington Post)

Paul Farhi / Washington Post: <b><br>A look at the harm from a spike in newsprint costs driven by Trump tariffs; the US International Trade Commission will</b> …

Tariffs