Billionaire owner of the Los Angeles Times says he will take the newspaper public in the coming year

LA Times-Going Public - (Copyright 2017 The Associated Press. All rights reserved.)

Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year.

During an interview on Monday’s “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow the public to have ownership of this paper.”