Los Angeles Times owner Patrick Soon-Shiong announced plans to take the 143-year-old newspaper public within the next year,
What Happened: On a Monday television interview on “The Daily Show,” Soon-Shiong told host Jon Stewart the move aims to “democratize” ownership of the publication. “We’re literally going to take LA Times public and allow it to be democratized and allow the public to have ownership of this paper,” he said in the taped interview.
