Patrick Soon-Shiong, owner of the Los Angeles Times, has announced plans to take the storied publication public, aiming to “democratize” its ownership and allow the public to become stakeholders.
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Patrick Soon-Shiong Says He Plans To Take The Los Angeles Times Public
Photo by Deadline
Key Takeaways:
- Patrick Soon-Shiong plans to take the Los Angeles Times public.
- The announcement was made during his appearance on The Daily Show with Jon Stewart.
- Soon-Shiong intends to “democratize” the newspaper’s ownership.
- The move invites the public to have a stake in the L.A. Times.
- This marks a significant shift in the publication’s history.
Patrick Soon-Shiong Announces Plan to Take L.A. Times Public
Introduction
Patrick Soon-Shiong, the owner of the Los Angeles Times, revealed his intention to take the renowned newspaper public. The announcement was made during his recent appearance on The Daily Show with host Jon Stewart.
A Vision for Democratized Ownership
During the interview, Soon-Shiong expressed his desire to “democratize” the ownership of the L.A. Times. He stated, “we are literally going to take the L.A. Times public and allow it to be democratized and allow the public to have ownership of […]” Though the quote is incomplete, his message indicates a significant shift toward involving the community in the newspaper’s future.
Making the Announcement on The Daily Show
Choosing The Daily Show as the platform for this announcement highlights the importance Soon-Shiong places on reaching a broad audience. Under the spotlight with Jon Stewart, he shared his vision for the newspaper’s evolution and the role the public can play in it.
Implications for the Los Angeles Times
Taking the L.A. Times public could mark a new era for the publication. Public ownership may lead to increased engagement with readers and a stronger connection with the community it serves. This move may also influence how the newspaper operates, prioritizing transparency and collective input.
Conclusion
Patrick Soon-Shiong’s plan to take the Los Angeles Times public represents a significant development in the media industry. By inviting the public to become stakeholders, he aims to foster a more inclusive and democratized form of ownership. As this plan unfolds, it could set a precedent for other media outlets considering similar paths.
