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Podcasts Take Two
Tribune company gets $70.5m from L.A.'s richest person
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May 24, 2016
Tribune company gets $70.5m from L.A.'s richest person
Patrick Soon-Shiong's investment means that the Tribune can avoid a takeover by the media company Gannett.
Dr. Patrick Soon-Shiong, physician, surgeon and scientist, addresses delegates on day two of the NHS conference in 2014.
Dr. Patrick Soon-Shiong, physician, surgeon and scientist, addresses delegates on day two of the NHS conference in 2014.
(
Flickr user NHS Confederation/Creative Commons
)

Patrick Soon-Shiong's investment means that the Tribune can avoid a takeover by the media company Gannett.

The L.A. Times' parent company Tribune Publishing just got a $70.5 million injection of cash.

It comes from a former doctor who's known as the richest man in LA – Patrick Soon-Shiong.

Soon-Shiong's investment means that the Tribune can avoid a takeover by the media company Gannett.

Take Two finds out what this ultimately means to readers of the L.A. Times with Ken Doctor, media analyst for Newsonomics.