Instant Alert: Los Angeles Times owner expected to sell newspaper to billionaire investor

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Los Angeles Times owner expected to sell newspaper to billionaire investor by Munsif Vengattil on Feb 6, 2018, 6:03 PM Advertisement Tronc Inc., the company that owns the Los Angeles Times and the San Diego Union-Tribune, is expected to announce that it is selling the newspapers. The buyer is reportedly Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder in Tronc. Tronc Inc., the owner of the Los Angeles Times, is expected to announce it is selling the newspaper, the Washington Post reported on Tuesday, citing people familiar with the matter. The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder in Tronc, according to the report. Soon-Shiong, who heads NantHealth Inc, will also buy Times' sister newspaper, the San Diego Union-Tribune, the Washington Post reported. Tronc was not immediately available for comment. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva) SEE ALSO: Staffers at the Los Angeles Times are reportedly buying burner phones amid worries of a newsroom crackdown   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011