Union-Tribune: “We will figure out a way to thrive, not survive,” says new owner

by Adrian Vore

Dr. Patrick Soon-Shiong came to the Union-Tribune for a town-hall style gathering Tuesday, one day after closing the deal to buy the 150-year-old U-T and the Los Angeles Times and their community papers.

The new owner, a biotech entrepreneur and billionaire, was joined by U-T Publisher and Editor Jeff Light and Norman Pearlstine, whom Soon-Shiong named the Times’ new executive editor.

About two months ago Soon-Shiong came to the U-T to meet the staff after it was announced he was going to buy the U-T and Times. I wrote to readers that they should be excited about the change in ownership.

Tuesday’s meeting confirmed that outlook. “We’ll figure out a way to thrive, not survive,” he told employees.

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