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.

In a bold move to reshape one of America’s leading newspapers, Los Angeles Times owner Patrick Soon-Shiong announced plans to take the paper public, aiming to “democratize” its ownership. The billionaire made the announcement during an appearance on “The Daily Show,” signaling a significant shift in the legacy newspaper’s future.