Uncertainty Abounds With New LA Times Owner
The LA Times newspaper has recently been bought out by a new owner. While it alleviates financial stress, many are unsure about the new owner, a biotech billionaire named Dr. Patrick Soon-Shiong. Amidst speculation of Soon-Shiong, Newhouse Associate Professor Steve Davis says that while the jury is still out, only time will be able to tell.
“Some people might think this could be the white knight, the savior, but nobody knows that,” he said. “All they know is that it’s a change, that it’s somebody new who says the right things.”