NPR: Tronc’s Sale Of ‘LA Times’ Set To Close, Bringing End To Newsroom Crisis

by DAVID FOLKENFLIK

The Los Angeles Times will soon have a new home and a new lease on life — far from the current Chicago-based corporate ownership that has engendered a series of crises there.

The sale of the Times by parent company Tronc to billionaire California inventor and investor Dr. Patrick Soon-Shiong could be announced as soon as Monday morning, three people with knowledge of the deal tell NPR. They asked not to be named because they were not authorized to speak publicly about the transaction. The finalization of the deal was first reported by NPR on social media.

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