Shiong, the owner of the Los Angeles Times, said that he plans to take the publication public. In an appearance on The Daily Show on Monday, Soon-Shiong told host Jon Stewart that “we are literally going to take the L.

During an appearance on “The Daily Show with Jon Stewart,” Los Angeles Times owner Dr. Patrick Soon-Shiong announced the launch of the L.A. Times Next Network.

The billionaire owner will roll the paper into the newly created L.A. Times Next Network, shares of which will be offered through Regulation A financing. That structure gives private companies the ability to sell shares - capped at $75 million - to investors without the regulatory requirements of a standard IPO.