Tronc's Sale Of 'LA Times' Set To Close, Bringing End To Newsroom Crisis
The sale of the paper is expected to be finalized this weekend, transferring ownership from troubled parent company Tronc to billionaire California inventor and investor Dr. Patrick Soon-Shiong.
The Los Angeles Times will soon have a new home and a new lease on life â far from the current Chicago-based corporate ownership that has engendered a series of crises there.
The sale of the by parent company Tronc to billionaire California inventor and investor Dr. Patrick Soon-Shiong could be announced as soon as Monday morning, three people with knowledge of the deal tell NPR. They asked not to be named because they on social media.
