Los Angeles Times Owner’s Pitch Deck to Investors Reveals Vision for Public Offering Bet

The paper generated $237 million in revenue, saw a net loss of $48 million last year, has about 500,000 combined print and digital paying customers and 615 full-time staff — and is making investments in D.C. and in a scientific journal.

The Hollywood Reporter
Patrick Soon-Shiong Says He Plans To Take The Los Angeles Times Public

The owner said that the transition would take place in the coming year.

Deadline
Los Angeles Times Owner Reveals He’s Taking Newspaper Public

Billionaire Patrick Soon-Shiong made the announcement in an interview with Jon Stewart on 'The Daily Show.'

The Hollywood Reporter
Live Video Platform 2Way To Partner With Patrick Soon-Shiong On ‘Cancer Decoded’ Series

The live video platform 2WAY is launching a new show Cancer Decoded in partnership with Patrick Soon-Shiong, the biotech billionaire, surgeon and scientist and owner of the Los Angeles Times. Cancer Decoded will air on 2WAY’s YouTube and X Channels as well as on Los Angeles Times Studios’ streaming platform, according to the announcement. Soon-Shiong […]

Deadline

A lot of things have changed, mostly for the worst, between the first and second Trump presidency. For example, during our first dance with assclown fascism under Downmarket Mussolini, American corporate media made a massive show of "opposing" Trump; despite the fact that I (and many other observers) pointed out that their coverage of the administration typically benefitted the regime more often than it hurt them, and the class solidarity inherent to corporate media outlets often resulted in them covering up for the wealthy donors and supporters that propped up Trump's administration until the precise moment it became clear he wasn't going to win a second term in 2020. The story has been quite different here in the second Trump era however; as this Guardian article notes, despite Trump's threats and smears towards the media, corporate outlets like WaPo, LA Times, and now CBS have willingly collaborated with Trump's fascist regime and agenda. What changed? As it turns out, the whims and financial motivations of billionaire reactionaries who own corporate media companies.

https://www.theguardian.com/us-news/2025/may/11/trump-media-journalists-60-minutes

Trump complains the US media aren’t bending to his will. Aren’t they?

"Despite that acquiescence, Trump has continued to threaten journalists, branding pollsters “negative criminals” who “should be investigated for election fraud”. In April, he attacked “radical lunatic Democrats and their comrades in the fake news media”, adding: “Those lying to the American People on behalf of violent criminals have to be held responsible by the Agencies and the Courts.”

The attacks overlook the ways in which some outlets have submitted to Trump’s will – either by executives settling frivolous lawsuits or wealthy owners interfering to avoid upsetting Trump.

Jeff Bezos, the Washington Post owner, ordered an overhaul to the paper’s editorial pages in February that effectively muzzled the newspaper’s criticism of Trump. The Los Angeles Times dropped its endorsement of Kamala Harris under pressure from Patrick Soon-Shiong, its billionaire owner.

In December, ABC News settled a Trump lawsuit, in a move first amendment experts said could foster more attacks on the media. And in another blow, the owner of CBS News is said to be considering settling a $10bn lawsuit brought against the network over the editing of a Kamala Harris interview."

Folks, this is a story about greed and cowardice and that's not just my opinion. Trump isn't right, and the activities he's undertaking to cow the American media, be they government investigations or frivolous lawsuits, have no basis in the law. If folks like Jeff Bezos, Patrick Soon-Shiong, and Shari Redstone wanted to fight this, they'd win. Since surrendering and collaborating is more profitable to these billionaire leeches however, they're directing their media companies to roll over. Furthermore, the cost of this collaboration with fascism goes far beyond the mitigation of Trump criticism in our media environment; with billionaire media barons kissing his ring, and corporate outlets scrambling to settle his obscenely conspiratorial lawsuits based on open lies, the Kelpto Kaiser will now argue that he's been right about the media all along and that justifies further cracking down on the so-called "free press" in America. Collaborating with fascism, will merely breed more fascism; not that any of these rich reactionaries who own media companies seem to give a shit at all.

As someone who engages in a lot of media criticism and analysis, I can't say any of this is surprising to me; if anything, corporate media's outward posture of hostility towards Trump at points during his first administration is the historical aberration here. For profit media in America has always consistently sided with power and the state; after all the same class of people who own corporate media companies, also own most of the country. Just because we can easily predict class solidarity and billionaire ownership rolling over for fascism however, doesn't change the horrifying reality of what's going on here; nobody is handing out Pulitzer's here, but both WaPo and the LA Times did some excellent critical reporting during the first Trump regime and have been nowhere as effective here in Der Leader's second term. This is a big win for the Kelpto Kaiser; which makes it a devastating loss for all of us who don't want the fascists to win.

#Fascism #Trump #Media #Collaboration #Capitalism #CorporateMedia #WashingtonPost #LATimes #CBS #60Minutes #ShariRedstone #JeffBezos #PatrickSoonShiong #USPol #censorship

Trump complains the US media aren’t bending to his will. Aren’t they?

Despite owners and networks forsaking journalistic independence, Trump continues to threaten journalists

The Guardian
‘Awards Chatter’ Pod: Legendary Critic Kenneth Turan on New Mayer/Thalberg Book, Sean Baker’s Rise and LA Times Owner Patrick Soon-Shiong

The former LA Times film reviewer reflects on his path from Brooklyn to Hollywood, the current state of film criticism and the LA Times, and what inspired him to spend four years writing the first dual-biography of MGM's two most legendary executives in 50 years.

The Hollywood Reporter

@amalia22

how could a rich asshole who fled the end of #Apartheid in #SouthAfrica be a #racist piece of shit?

such a confusing mystery

🤔 🤔 🤔

(/s)

btw, not just Elon #Musk

also Peter #Thiel, #DavidSacks, #JoelPollak, #PatrickSoonShiong, etc

rat poison

https://www.dailymaverick.co.za/article/2024-11-20-how-south-african-men-are-changing-the-course-of-american-democracy/

MAGA Newspaper Owner’s AI Bot Defends KKK

An AI-generated summary tried to offer “different views” on the hate group.

The Daily Beast

Fabulous! Candace Owens is instant death to any publication.

Patrick Soon-Shiong must be insane!

Billionaire LA Times Owner Explores Teaming Up With Candace Owens
https://www.thedailybeast.com/la-times-owner-patrick-soon-shiong-explores-teaming-up-with-candace-owens/

#latimes #patricksoonshiong #LosAngelesTime #WashingtonPost #JeffBezos #WaPo #Journalism #FreePress #BoycottAmazon #EatTheBillionaires #USPol

Billionaire LA Times Owner Explores Teaming Up With Candace Owens

Owens left the Daily Wire last year after she embraced antisemitic rhetoric.

The Daily Beast