Would Patrick Soon-Shiong Sell the LA Times? Would Anyone Buy It? 

The owner and the newsroom are at war. But so far other west coast billionaires have shown no interest in the asset

Patrick Soon-Shiong attends the Ambrosetti International Economic Forum 2018 in Como, Italy
Patrick Soon-Shiong attends the Ambrosetti International Economic Forum 2018 in Como, Italy (Credit: Pier Marco Tacca/Getty Images)

Would the billionaire owner of the Los Angeles Times, Patrick Soon-Shiong, consider selling? 

There’s every good reason to think so.   

With his newsroom staff in open revolt, with Soon-Shiong expressing open contempt of said staff, with layoffs and resignations adding more distrust to the mix and with the paper continuing to lose readers and millions of dollars a month, perhaps the better question would be: Why would he want to keep it? 

Let’s recap:

Soon-Shiong bought the paper in 2018 for $500 million, well over market value, thinking he would be the white knight to turn around the flagship’s declining readership and revenue.

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