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Biotech billionaire Patrick Soon-Shiong buying LA Times from parent company Tronc

Biotech billionaire Patrick Soon-Shiong has agreed to purchase the Los Angeles Times from its parent company Tronc, restoring local ownership and perhaps ending a turbulent period for the 136-year-old institution. Chicago-based Tronc on Wednesday confirmed the deal to sell The Times and the San Diego Union-Tribune to Soon-Shiong’s investment firm Nant Capital for nearly $500 million […]