Patrick Soon-Shiong asked me to share this with you all:

Sent on behalf of Chris Argentieri, President & COO:

Dear Colleagues,

As of this afternoon, we have completed the transaction to sell The San Diego Union-Tribune to an affiliate of MediaNews Group (MNG).

We formed the California Times in 2018 when the Soon-Shiong family purchased the Los Angeles Times and San Diego Union-Tribune from Tribune Publishing, and have made a good faith effort to rebuild and support both news organizations. We hope that this change now will position both the L.A. Times and San Diego Union-Tribune to succeed.

For all of us who remain with the California Times, we will continue focusing on building a prosperous future for the Los Angeles Times.

Patrick Soon-Shiong asked me to share this with you all:

"Five years later, my family and I remain grateful for the opportunity to work with you at both the Los Angeles Times and San Diego Union-Tribune. The Union-Tribune is a great news organization with a long, distinguished history that I hope will continue to serve the San Diego community for generations to come.

"Our intention now is to focus on the ongoing work of transforming the L.A. Times into a self-sustaining institution. Our hometown of Los Angeles and the state of California – really, the West Coast – needs a strong, independent news organization. We believe in the L.A. Times and are committed to its future."

This journey has been marked by many moments of achievement and challenges that have tested our resilience. I'm certain there will be more of both. I'm proud of what we've accomplished together and look forward to what's ahead.

Thank you.

Chris