Patrick Soon-Shiong

L.A. Times’ Buyer Has A Surprise: We’re Moving To The ‘Burbs

The Los Angles Times’ billionaire benefactor Patrick Soon-Shiong dropped a bombshell today in his first meeting with the staff: that the newspaper …

Entertainment Industry

Profile: new owner of Los Angeles Times, biotech mogul Patrick Soon-Shiong, who plans to move LAT to suburbs, and pursued Dean Baquet and Marty Baron for EIC

2:55 PM ET, April 13, 2018<p>RELATED:<p><b>Profile: new owner of Los Angeles Times, biotech mogul Patrick Soon-Shiong, who plans to move LAT to suburbs, and</b> …

Fake News

D.C. United near sale to Soon-Shiong with club valued at $500 million - reports

Erick Thohir is selling his majority stake D.C. United, according to reports. D.C. United owner Erick Thohir is selling his majority stake in …

Soccer

Patrick Soon-Shiong looks to net DC United

Billionaire Patrick Soon-Shiong is part of a consortium looking to take control of US Major League Soccer team DC United in a deal that would value …

Soccer

Tronc Chairman Michael Ferro Steps Down Hours Before Report Detailing Unwanted Sexual Advances

Michael Ferro, the former Tronc chairman, stepped down from the company’s board on Monday, effective immediately, just hours before a report from …

Las Vegas

Who should be the next ‘Los Angeles Times’ architecture critic?

Probably a woman<p>The surprise announcement that Christopher Hawthorne was leaving his post at the <i>Los Angeles Times</i> to become the city’s first chief design officer generated plenty of discussion about the increasingly important role of design in government.<p>Among architecture writers, however, …

Journalism

Why LA’s public design matters: An interview with Christopher Hawthorne, the city’s first chief design officer

The Los Angeles Times architecture critic explains his move to City Hall<p>Next month, Christopher Hawthorne will start work as the city’s first chief design officer, leaving his role as the <i>Los Angeles Times</i> architecture critic. An important part of his job will be to guide and improve the design in …

Urban Design

Union-Tribune's GoFundMe program trimmed

The <i>San Diego Union-Tribune</i> is facing unknown changes as the date for its final takeover by Los Angeles billionaire Patrick Soon-Shiong nears. …

San Diego

Tronc Reorganizes Digital Newsrooms, Focuses On Reader Engagement

Tronc president Tim Knight announced in a memo to staff that the company is reorganizing its eight local newsrooms to push its digital transition …

Advertising Industry

Tronc shares tank after execs offer no fiscal guidance for 2018

A day after Tronc executives offered Wall Street analysts no guidance on how the company will perform in fiscal 2018, investors hammered the …

Jim Cramer

L.A. Times Insider Unloads on Tronc Mess: It's Like "Being on the Inside of a Pinball Machine"

Robin Abcarian, who was honored at a Society of Professional Journalists event alongside The Hollywood Reporter's Kim Masters, called out short-lived …

Journalism

Federal regulators approve sale of Los Angeles Times to Patrick Soon-Shiong

Federal regulators have approved Los Angeles billionaire Dr. Patrick Soon-Shiong's planned purchase of the Los Angeles Times, which would return one of the nation's largest newspapers to local control.<p>Soon-Shiong last month agreed to pay $500 million to buy The Times, the San Diego Union-Tribune, …

Hartford Courant

Department of Justice approves sale of U-T and LA Times to Patrick Soon-Shiong

The Department of Justice has approved Los Angeles billionaire Patrick Soon-Shiong’s planned purchase of the Los Angeles Times, which would return …

California

Senator Lindsey Graham says he wants to hold hearings to question social media companies about how threats of gun violence spread online

9:00 AM ET, March 8, 2018<p><b>Sources: local TV anchors at Sinclair stations are concerned about mandatory on-air corporate promos that claim national</b> …

Social Media

YouTube TV renews MLB marketing deal and adds MLB Network to channel lineup, will sponsor 2018 and 2019 World Series

10:40 AM ET, March 8, 2018<p><b>Sources: local TV anchors at Sinclair stations are concerned about mandatory on-air corporate promos that claim national</b> …

YouTube TV

Profile of Know Your Meme, a website and video series that has been documenting viral online content and internet meme culture for over ten years

7:40 AM ET, March 8, 2018<p><b>Sources: local TV anchors at Sinclair stations are concerned about mandatory on-air corporate promos that claim national</b> …

Peter Thiel

Tronc Says Los Angeles Times Sale On Track To Close “In Days Or Weeks”

Tronc is hoping its sale of the <i>Los Angeles Times</i> and <i>San Diego Union-Tribune</i> will close “in days or weeks,” the company’s CFO, Terry Jiminez, told …

Entertainment Industry

Changelog: MoviePass updates iOS app to “remove unused location capabilities” following privacy concerns

10:20 PM ET, March 7, 2018<p><b>Univision withdraws its long-delayed IPO, citing “prevailing market conditions”, announces that Peter Lori will replace</b> …

Peter Thiel

Tronc's $500 million sale of LA Times on fast track after federal regulators sign off on deal

Tronc's proposed $500 million sale of the Los Angeles Times, San Diego Union-Tribune and other California assets to Los Angeles biotech billionaire Patrick Soon-Shiong are on a fast track to closing after getting early approval from federal regulators.<p>The closing, originally projected for early in …

Business

Hollywood Reporter's Kim Masters Accepts Distinguished Journalist Prize, Salutes Out-of-Box Editors From Her Past

The Greater Los Angeles Chapter of the Society of Professional Journalists also honored Robin Abcarian, Sharon McNary, Miriam Hernandez, Norberto …

Journalism

LA investor says region can't match San Diego's biotech prowess

San Diego’s life sciences sector has a tremendous advantage over Los Angeles, according to two Los Angeles area investors.<p>The investors gave that …

Newsonomics: Is Tronc due for a crash? And a few other questions about this busy week in the news business

Is it really only the beginning of March? The news business’ gyrations seem to be moving at warp speed this year, and particularly this week, as two newspaper companies long in the news make new big moves.<p>As Tronc reckons with the crash of its stock price and oh-so-private Alden Global Capital gets …

Media Industry

Cher claims LA Times owner cheated her out of millions

Cher — who knows about “Gypsys, Tramps & Thieves” — filed a lawsuit alleging she was cheated out of millions of dollars by the new owner of the Los …

P. T. Barnum

Newsonomics: Is Tronc about to go on the market?

It almost sounds like a riddle: What’s a Tronc without the L.A. Times?<p>As the Tronc sale of the Times and the San Diego Union-Tribune finalizes, now most likely in mid-April, the next question arises: What becomes of Tronc? Its eight remaining titles own an impressive history and still play …

Journalism

Patrick Soon-Shiong Brings Hope to the Los Angeles Times

The new owner of the Los Angeles Times reflects a California phenomenon, dating back to Gold Rush days, of an unknown emerging from obscurity, …

Liberal View

As Billionaires Save Newspapers, Will Newspapers Return Their Generosity?

In <i>Capitalism, Socialism and Democracy</i>, Austrian economist Joseph Schumpeter famously expressed skepticism about the future of capitalism. He argued …

Investing

Papa Doug’s #MeToo Moment: 5 Takeaways from the U-T’s Misconduct Imbroglio

Seven years ago, a hotel magnate who insists on being called “Papa Doug” bought the San Diego Union-Tribune. He launched a brash and bumbling bid to …

San Diego

Why the <i>Newsweek</i> firings are bad for press freedom

<b>When the Manhattan DA raided</b> <i>Newsweek</i> offices on January 18 the first thought of many journalists in the newsroom was “What the hell is going on?” The …

Journalism

Morning Report: No Pension Problem at the County, Dumanis Says

Pension debt at the city was piling up.So in 2012, voters overwhelmingly approved a reform initiative getting rid of guaranteed pensions for most new …

San Diego

Editorial at Mic.com Votes Overwhelmingly to Unionize

Employees at the company demand pay equity, matching 401K and more diversity in a letter to management<p>The staff of news site Mic.com made a final …

Bette Midler