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.

Patrick Soon-Shiong will retain a substantial portion of the Los Angeles Times in his planned public sale, which will be limited to $75 million after it's combined with some of his other media ventures,

Shiong, the billionaire who purchased the Los Angeles Times for $500 million in 2018, said Monday he is taking the ailing newspaper public.