Soon-Shiong talks LAT investment and helping small papers; NYT Trump tax blockbuster; Silicon Valley's 'monoculture'
The billionaire owner of the Los Angeles Times faced a room of digital and Hollywood executives on Tuesday and made a quick acknowledgement.
"I overpaid," Dr. Patrick Soon-Shiong said, explaining his $500 million purchase of the Times, along with The San Diego Union Tribune, in June. “It wasn’t the money. It wasn’t the business. It was, 'Do we want this paper to exist or not?'”