Thursday, 8 February 2018 ()
Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership. But a lot of questions remain about where Patrick Soon-Shiong will take his new prize.
Thursday, 8 February 2018 ()
Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership. But a lot of questions remain about where Patrick Soon-Shiong will take his new prize.| 0 shares | Share on FacebookShare on TwitterPost on RedditShare by |
Source: Wochit News - < > Embed
▶ Tronc to Sell LA Times And Other Publications For $500 Million 00:34On Wednesday, Tronc said it would sell some newspapers, including the Los Angeles Times and the San Diego Union-Tribune, to billionaire biotech investor Patrick Soon-Shiong for $500 million in cash. In a statement, Tronc said, "This transaction allows us to fully repay our outstanding debt,... |