Thursday, June 28, 2018

Soon-Shiong wants seat on Tribune board

Biotech billionaire Patrick Soon-Shiong’s $500 million buy of the Los Angeles Times and other California News Group holdings was completed on June 18.

Soon-Shiong told the Los Angeles Business Journal that he’ll hold onto his 24 percent stake in tronc (which may change its name back to Tribune) and wants a seat on the company’s board.

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