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Biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong is talking to newspaper chain McClatchy about buying Tronc

6 days ago   |   By

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Los Angeles Times owner Patrick Soon-Shiong is considering bidding for newspaper publisher Tronc, according to people familiar with the matter.
Soon-Shiong is considering a joint bid with newspaper publisher McClatchy. He had previously been in talks to team up with a hedge fund manager for Tronc, but those discussions are now seen as less likely.
Soon-Shiong spent $500 million in June to acquire the Los Angeles Times and The San Diego Union-Tribune along with a bunch of other community newspapers from Chicago-based Tronc.
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