The Presidential Daily Brief

intriguing

  1. soon shiong

    Eccentric Billionaire to Buy ‘Los Angeles Times’

    Someone had to. After years of rocky management by media conglomerate Tronc, the award-winning paper is being sold, along with The San Diego Union-Tribune, to local entrepreneur Patrick Soon-Shiong for $500 million. A former cancer researcher who broke into the drug business, Soon-Shiong, worth nearly $8 billion, could heal the struggling newspaper, which shed half its newsroom in recent years. He’s cultivated relationships in both the Obama and Trump administrations — but he’s also been accused of fraud, a reputation some worry could shadow his new media acquisitions.

This story is part of The Presidential Daily Brief

view full edition