People often ask who owns Los Angeles Times because the newspaper has had several major ownership changes. It remains one of the most respected news brands in the country. Understanding its owners helps explain how the paper is shaped, funded, and guided today.
Key Takeaways
- The Los Angeles Times is privately owned, with Dr. Patrick Soon-Shiong holding 92% of the company, making him the dominant decision-maker in strategy, leadership, and long-term direction.
- Michele B. Chan owns 5%, and Soon-Shiong family trusts hold the remaining 3%, keeping ownership fully concentrated within the family.
- This tightly held ownership structure explains the stability, independence, and long-term investments seen in the organization’s ongoing digital and multimedia transformation.
Los Angeles Times Overview
The Los Angeles Times is a major American daily newspaper based in the Los Angeles region. It serves as a prominent voice for Southern California and western U.S. news, culture, business, and politics.
Over its long history, it has grown from a regional paper to one with national stature, while adapting to the digital era. Its headquarters today are in El Segundo, California, which underscores its evolution and relocation from its original downtown Los Angeles roots. The newspaper is privately owned, which gives it a different operating dynamic than public media companies.
LA Times Founders and Origin
The Los Angeles Times was founded on December 4, 1881, under the name Los Angeles Daily Times. Two young entrepreneurs, Nathan Cole Jr. and Thomas Gardiner, launched the venture in Los Angeles. Cole Jr., only about 21 years old at the time, had moved west after working in St. Louis newspapers and tapped into a growing local market.
Gardiner, born in Scotland and a long-time California journalist and publisher, partnered in setting up the paper.
However, the fledgling newspaper encountered financial trouble almost immediately. The printing was handled by the Mirror Printing Office and Book Bindery (later part of the Times-Mirror business).
In 1882, Cole and Gardiner’s venture was taken over by the printers due to unpaid bills and the paper was reorganized under new leadership.
From those modest roots, the enterprise grew into a major regional institution. The founders’ names remain attached to the Times’ origin story, but much of its long-term development was driven by subsequent owners and publishers.
Major Milestones
- 1881: The Los Angeles Daily Times publishes its first issue.
- 1882: Financial struggles lead to a takeover by the Mirror Printing Office and Book Bindery.
- 1884: Harrison Gray Otis becomes a dominant figure and helps form the Times-Mirror Company.
- 1886: The newspaper officially becomes the Los Angeles Times.
- 1910: The Times building is bombed, a major turning point in its early history.
- 1917: Harry Chandler becomes publisher and expands the paper’s influence across California.
- 1947: The Los Angeles Times becomes the largest newspaper in Los Angeles by circulation.
- 1960: The paper launches new sections and expands national and international reporting.
- 1962: It wins its first Pulitzer Prize, strengthening its national reputation.
- 1980: Times Mirror diversifies into books, magazines, and broadcast properties.
- 1990: The Los Angeles Times reaches more than one million daily subscribers.
- 1996: The paper launches its website, moving into digital journalism.
- 2000: Tribune Company acquires Times Mirror, placing the Los Angeles Times under a new corporate structure.
- 2007: The Tribune Company is taken private, bringing another shift in management and financial direction.
- 2010: The newspaper restructures after the Tribune bankruptcy, leading to major organizational changes.
- 2014: Tribune Publishing (later renamed Tronc) becomes the parent company of the Times.
- 2018: Dr. Patrick Soon-Shiong acquires the Los Angeles Times and returns it to private ownership.
- 2018: The Times relocates its operations from downtown Los Angeles to El Segundo.
- 2020: The company accelerates digital transformation, expanding multimedia, podcasts, and digital subscriptions.
- 2022: The Times strengthens its investigative and regional journalism teams during a major newsroom expansion.
- 2024: The paper enhances its digital newsroom with new tools for data journalism, AI-supported reporting workflows, and audience engagement.
- 2025: The Los Angeles Times continues its shift toward digital-first publishing with new products, newsletters, and multimedia storytelling.
Who Owns Los Angeles Times: Top Shareholders
The Los Angeles Times is owned by Dr. Patrick Soon-Shiong, a billionaire surgeon, inventor, and entrepreneur. He purchased the Los Angeles Times and The San Diego Union-Tribune in 2018. The acquisition moved the paper out of corporate ownership and into private, family-led control.
The Los Angeles Times operates under a tightly held private ownership structure. Control rests almost entirely within the Soon-Shiong family, with no public shareholders or institutional investors involved. This concentrated structure allows the company to make long-term editorial and business decisions without outside pressure. The ownership model is built around one dominant shareholder supported by family-held minority stakes that reinforce unified control of the organization.
Dr. Patrick Soon-Shiong – Majority Owner (92%)
Dr. Patrick Soon-Shiong holds about 92% of the Los Angeles Times, making him the primary decision-maker across all areas of the organization. His ownership gives him full authority over major financial commitments, leadership appointments, and newsroom strategy. He also oversees the company’s long-term shift toward digital publishing, investigative reporting, and multimedia expansion. With this large stake, he exercises near-total voting power, guiding the company’s policies and direction.
Michele B. Chan – Co-Owner (5%)
Michele B. Chan owns approximately 5% of the company. Her stake forms part of the family’s consolidated control and supports long-term continuity. She contributes to governance, cultural initiatives, and philanthropy-related projects connected to the newspaper.
While she is not involved in operational management, her shareholding strengthens the family’s overall influence and ensures ownership remains unified rather than fragmented.
Soon-Shiong Family Trusts – Minority Stake (3%)
Family trusts hold around 3% of the company’s equity. These trusts help preserve ownership stability across generations and support structured succession planning. Although their percentage is smaller, their purpose is strategic: they keep ownership fully aligned within the family group and prevent outside influence. The trusts are typically used to maintain voting consistency, protect intellectual and editorial assets, and ensure continued family leadership.
Acquisition Insights and Details
Before its purchase, the Los Angeles Times had spent years under corporate ownership. It moved from Times Mirror to the Tribune Company, then later under Tronc. These transitions brought frequent leadership changes, cost pressures, and organizational instability. Declining print revenue and growing digital challenges also placed significant strain on the newspaper’s long-term viability.
This environment set the stage for a major ownership shift as the paper sought stability, investment, and clearer direction.
The 2018 Acquisition
In 2018, Dr. Patrick Soon-Shiong acquired the Los Angeles Times along with The San Diego Union-Tribune. The purchase marked one of the most significant media acquisitions of the decade. It shifted the Times away from corporate oversight and into a privately controlled, family-led structure.
The acquisition was positioned as an effort to rebuild the newspaper’s independence, strengthen editorial resources, and realign the organization with long-term goals rather than short-term market demands.
Strategic Motivations
The decision to acquire the Los Angeles Times was driven by several objectives:
- Restoring newsroom stability after years of turnover
- Reinvesting in investigative reporting and original journalism
- Expanding digital operations and modernizing production systems
- Protecting the paper from shareholder pressure and quarterly earnings cycles
- Reestablishing the Times as a leading voice for the West Coast and national news.
These motivations shaped the decisions the new ownership pursued immediately after the transition.
Post-Acquisition Changes
Following the acquisition, the Times underwent a significant transformation. Key areas included:
- Relocation to El Segundo, creating a new headquarters and modern newsroom environment
- Upgrading digital infrastructure, including analytics, mobile platforms, and multimedia capabilities
- Expanding investigative desks, regional teams, and special reporting units
- Launching new products, such as newsletters, documentary projects, studio initiatives, and event programs
- Rebuilding leadership structure with new business, editorial, and operational executives.
These steps were part of a multi-year effort to secure long-term sustainability.
Long-Term Ownership Direction
The acquisition positioned the Los Angeles Times for a more stable future. The ownership has emphasized independence, long-horizon investment, and innovation across digital storytelling.
With concentrated family control and no external shareholders, the Times continues to move forward with a strategy focused on journalism quality, technological evolution, and community-centered reporting.
As part of long-term restructuring, the Los Angeles Times and its related divisions were eventually organized under the Los Angeles Times Media Group (LATMG). This structure unified the newspaper with its studio, digital units, gaming ventures, and content businesses.
The consolidation created a more diverse and scalable media entity capable of reaching audiences across multiple platforms.
Move Toward Becoming a Public Company
The Los Angeles Times Media Group is now preparing to become a publicly listed company. This move includes a private placement followed by a public offering under a new ticker symbol, creating an opportunity to raise substantial capital for expansion.
The offering is structured around preferred shares that convert to common stock, giving early investors incentives ahead of the public listing.
Why the Company is Going Public
The decision to pursue a public listing is driven by the need to accelerate growth and secure major funding for long-term sustainability. With rapid shifts in the media industry, the company sees an opportunity to expand digital products, multimedia operations, events, gaming ventures, and studio divisions.
Going public offers greater financial flexibility, increased transparency, and access to broader investor participation, while still maintaining leadership continuity at the ownership level.
Assets Included Under LATMG
The public company structure incorporates:
- The Los Angeles Times newspaper and digital platforms
- Studio and documentary production units
- Podcast and audio storytelling divisions
- Gaming and interactive media ventures
- Event and branded content businesses.
This diversified structure positions the group as a multi-platform media company rather than a traditional newspaper publisher.
Ownership Control After the Public Listing
Despite the plan to go public, the controlling ownership does not intend to relinquish majority control. Dr. Soon-Shiong has made it clear that the family will continue to guide the company’s mission, ensuring editorial independence and strategic consistency remain intact.
Who is the CEO of the LA Times?
Dr. Patrick Soon-Shiong serves as both the Chief Executive Officer and Chairman of the Los Angeles Times. He leads the organization with full strategic authority, overseeing its mission, financial direction, business transformation, and long-term vision. His dual role combines executive control with board-level governance, giving him the highest decision-making power within the entire company.
Background and Leadership Profile
Dr. Patrick Soon-Shiong is a renowned surgeon, medical researcher, biotech innovator, and entrepreneur. Long before entering the media industry, he built a reputation in the biotechnology sector by developing breakthrough medical treatments and founding successful healthcare companies. His experience as a scientist and business leader shapes how he approaches the Times—methodically, strategically, and with a long-term mindset.
His entry into media came from a belief in the importance of independent journalism. He publicly committed to stabilizing and rebuilding the Los Angeles Times after years of instability under corporate ownership. His leadership reflects a blend of scientific discipline, entrepreneurial thinking, and a strong interest in public service.
Duties and Responsibilities
As CEO, Soon-Shiong is responsible for directing all high-level operations of the Los Angeles Times. His responsibilities include setting the company’s long-term editorial and business priorities, overseeing investments in digital technology and investigative journalism, and approving budgets and modernization initiatives.
As Chairman of the Board, he also leads governance and oversight activities. This includes shaping corporate policies, ensuring stability, and maintaining alignment between ownership goals and executive actions.
Holding both titles allows him to unify leadership and governance under a single vision, ensuring rapid decision-making and internal consistency.
Leadership Style and Influence
Soon-Shiong’s leadership style is hands-on but strategically focused. He is deeply involved in shaping the future of the organization while delegating operational execution to his executive team. His influence extends across business development, newsroom identity, technology integration, and brand direction.
He champions long-term thinking over short-term profit. Under his direction, the Times has pursued deeper investigative work, expanded local coverage, and grown into documentary storytelling, audio, video, and events.
He brings a strong emphasis on innovation, supporting the adoption of digital systems, data tools, and advanced newsroom technologies.
Compensation and Salary Structure
Because the Los Angeles Times is a privately held company, Soon-Shiong’s CEO salary and bonus structure are not publicly reported. As the majority owner, his compensation is closely tied to the overall value of the company rather than a traditional executive salary model.
It is likely that his salary is minimal or symbolic, given that his primary financial involvement comes from ownership rather than corporate pay.
Soon-Shiong Net Worth
As of November 2025, Dr. Patrick Soon-Shiong’s estimated net worth is around $12 billion. His wealth originates from biotechnology, healthcare innovation, and investments, not from the Los Angeles Times.
His financial resources allow him to fund long-term initiatives without relying on outside investors or the pressures of short-term profitability.
Major Initiatives Under His Leadership
Under Soon-Shiong’s direction, the Los Angeles Times has undergone a substantial transformation. These include relocating the headquarters, modernizing newsroom operations, expanding investigative desks, and strengthening digital subscription models.
He has invested heavily in multimedia expansion, including documentaries, podcasts, newsletters, and studio production. He continues to support rebuilding internal teams across technology, analytics, product, and audience development.
His leadership also emphasizes diversity, cultural reporting, and community-focused journalism.
Vision for the Future
Soon-Shiong’s long-term vision centers on building a sustainable, digitally advanced, and globally recognized news organization. He prioritizes independent journalism, technological innovation, and service to the public.
His goal is to position the Los Angeles Times as a powerful Western voice in national and global media while maintaining strong local connections. He continues to guide expansion in digital platforms, multimedia storytelling, and subscription-driven growth.
Los Angeles Times Annual Revenue and Net Worth
The estimated financial position of the Los Angeles Times in November 2025 reflects a business in transition. Revenue is projected at around $255 million, while net worth (book equity) remains deeply negative at approximately -$205 million. These numbers illustrate both the operational realities of a legacy media company and the heavy investment required to modernize it.
2025 Revenue
Revenue for 2025 is estimated at $255 million, placing it in the mid-$200 million range. This figure captures the continued decline of traditional print advertising and print circulation, which once represented the bulk of the company’s income. However, it also reflects the growing importance of digital channels.
Digital subscriptions, reader revenue products, branded content, events, and multimedia production are now responsible for a significant portion of earnings. While these segments are expanding, they have not yet reached the scale necessary to replace historical print revenue.
The 2025 revenue estimate also factors in increased operating complexity. The Los Angeles Times Media Group now manages several units—digital platforms, studios, gaming initiatives, and event programs—which generate revenue but also require substantial ongoing investment.
As a result, the overall revenue number reflects both the gains from diversification and the weight of maintaining multiple lines of business in a competitive media landscape.
The long-term trend shows revenue falling from an estimated $480 million in 2016 to about $255 million in 2025. This decline aligns with the structural challenges facing legacy media organizations. Print audiences have shrunk, advertising has shifted to digital giants, and producing high-quality multimedia content requires substantial investment.
Even as the Los Angeles Times expands into digital products, growth has not fully offset the operational and financial pressures tied to maintaining a major newsroom and a diversified media group.
Net Worth
Net worth, as of November 2025, is estimated at approximately -$205 million. Because net worth here refers to book equity, a negative value means liabilities exceed recorded assets. This deficit reflects accumulated operating losses over the years, restructuring expenses, pension obligations, and ongoing investment in technology and content creation.
A negative book equity position does not represent the market value of the Los Angeles Times. Intangible assets—its brand reputation, intellectual property, digital platforms, studios, and audience relationships—are not fully captured on the balance sheet. The company’s long-term value is therefore higher than what the accounting numbers alone suggest.
The continued negative net worth is tied to several long-standing factors. Operational losses across multiple years, combined with high newsroom costs, limit improvement. Investments in digital infrastructure, product development, multimedia storytelling, and audience systems require significant upfront capital. Declining print profitability further compresses margins. These elements collectively push book equity deeper into negative territory even as digital growth accelerates.
Future Outlook
The combination of $255 million in revenue and negative book equity tells the story of a company in transition rather than decline. Revenue remains substantial, indicating strong audience reach and a large operating footprint. Yet profitability remains constrained by the cost of transformation and the reduced strength of print.
The company’s move toward a public offering reflects the need to strengthen its financial position, attract new investment, and fund long-term digital and multimedia expansion. With additional capital, the organization can rebuild its balance sheet, reduce accumulated deficits, scale new business lines, and position itself for sustainable growth in the years ahead.
Brands Owned by Los Angeles Times
The Los Angeles Times has evolved into a broad media ecosystem with multiple brands, digital products, studios, newsletters, community reporting networks, and service-journalism entities.
Each of these divisions plays a specific role in expanding the company’s reach, strengthening reader engagement, increasing revenue diversity, and supporting the transformation from a legacy newspaper into a modern, multi-platform media organization.
Below is a list of the major divisions and brands owned by LA Times as of November 2025:
| Entity / Brand | Type | What It Does | Key Role in the Organization |
|---|---|---|---|
| Los Angeles Times (Core Newspaper) | Newspaper & Editorial Division | Produces daily print editions, investigative journalism, national/international coverage, and long-form reporting | Core identity of the company; primary source of journalistic influence and editorial authority |
| LA Times Digital | Digital Publishing & Technology | Manages website, apps, paywall, digital content, SEO, analytics, and audience growth | Drives digital subscriptions and online revenue; central to long-term sustainability |
| Los Angeles Times Studios | Video & Film Production | Creates documentaries, video series, long-form multimedia, investigative films | Expands brand into video and streaming; opens licensing and partnership revenue |
| LA Times Podcasts & Audio | Audio Production | Produces news podcasts, investigative audio series, interviews, and cultural storytelling | Reaches younger audiences; builds cross-platform engagement |
| Los Angeles Times Events | Events & Experiences | Organizes festivals, conferences, cultural events, public forums, and newsroom panels | Generates sponsorships, ticket sales, and community engagement |
| De Los | Cultural Digital Brand | Covers Latino identity, culture, arts, community issues, and storytelling | Strengthens representation; expands audience among Latino communities |
| Times Community News Group | Hyperlocal News Division | Produces neighborhood and city-level reporting, community newsletters, and local politics coverage | Builds trust with local communities; enhances regional relevance |
| LA Times Image | Fashion & Culture Brand | Publishes trend stories, designer interviews, lifestyle features, and visual storytelling | Positions the Times within fashion and creative culture; strengthens lifestyle vertical |
| LA Times Food | Culinary Vertical | Covers restaurants, food trends, chefs, reviews, recipes, and culinary events | High-engagement vertical that drives subscriptions and cultural influence |
| LA Times Sports Platforms | Sports Journalism Division | Covers regional teams, national sports, athlete profiles, investigations, and sports documentaries | Engages sports audiences; supports multimedia storytelling |
| Utility Journalism & Service Brands | Service Journalism | Produces voter guides, wildfire/earthquake resources, renter tools, public safety info, and consumer guides | Essential for public trust; increases retention and local value |
| Branded Newsletters | Digital Publishing Products | Produces specialized newsletters across politics, climate, business, entertainment, and lifestyle | Builds daily reader habits; key for subscription growth and retention |
| LA Times Archive & Research Services | Archival & Licensing Division | Manages newsroom archives, image databases, licensing rights, and historical research services | Supports investigations, documentaries, academic users, and licensing revenue |
| E-Commerce & Affiliate Publishing | Affiliate & Commerce | Produces review guides, shopping content, curated product recommendations | Diversifies revenue beyond ads; aligns with reader interests |
| Los Angeles Times Merchandising | Retail & Brand Commerce | Sells branded apparel, prints, posters, archival covers, and collectibles | Monetizes brand identity and cultural heritage |
| Innovation & Reporting Labs | R&D & Digital Innovation | Develops new storytelling formats, AI-assisted tools, data journalism, UX experiments, and mobile-first prototypes | Drives technological adaptation; supports future newsroom growth |
Los Angeles Times (Core Newspaper)
The core newspaper is the foundation of the organization. It encompasses all print editions, print supplements, investigative teams, national correspondents, international bureaus, state desks, and editorial teams that produce daily news coverage.
The Los Angeles Times newsroom is one of the largest on the West Coast, with teams dedicated to politics, climate, environment, immigration, entertainment, Hollywood, business, lifestyle, metro, investigations, sports, and world affairs.
The print newspaper remains essential for brand identity, credibility, and award-winning journalism. Despite declining print revenue industry-wide, the Times continues to invest in long-form reporting, accountability journalism, and public-interest investigations that form the backbone of its reputation.
Los Angeles Times Digital
LA Times Digital oversees all online publishing, digital strategy, subscription systems, apps, data analytics, and audience development.
This division runs the website, manages real-time breaking news, and produces digital-only features including visual stories, interactive maps, TikTok-style explainers, and digital versioning of investigative projects.
It also controls the user experience, paywall optimization, tiered subscription products, mobile responsiveness, and digital marketing funnels. Behind the scenes, it uses analytics dashboards, personalization engines, A/B testing, and user behavior tracking to grow engagement and subscriber retention.
Digital now generates a large share of total revenue and is central to the organization’s long-term sustainability.
Los Angeles Times Studios
LAT Studios serves as the company’s film and video production unit. It creates documentaries, short films, long-form investigative video projects, docu-series, cultural video essays, and behind-the-scenes features connected to newsroom reporting.
The studio works closely with reporters to extend major stories into cinematic formats. It collaborates with streaming platforms, distributors, schools, and cultural institutions to expand the reach of its storytelling.
LAT Studios also develops scripted and unscripted content, cross-platform video packages, and branded video features that help diversify revenue and build brand identity.
Los Angeles Times Podcasts & Audio
This division oversees podcast production, audio storytelling, sound design, and audio partnerships.
It produces daily news podcasts, narrative nonfiction series, investigative limited-series, interview shows, culture and arts audio programs, and special edition audio documentaries tied to major reporting.
The audio team manages studios, audio engineers, sound producers, and partnerships that help distribute content across major podcast platforms. The goal is to expand younger audiences and create cross-media storytelling opportunities.
Los Angeles Times Events
LAT Events organizes all major in-person and virtual events produced under the Times brand.
These include the Festival of Books, political forums, thought-leadership summits, community town halls, culinary festivals, documentary screenings, investigative journalism events, and cultural showcases.
The division handles logistics, sponsorships, stage programming, partnerships, ticketing, marketing, and community engagement. Events have become an important revenue channel and serve as a bridge between journalism and community interaction.
De Los (Latino-Focused Brand)
De Los is a dedicated digital vertical serving Latino audiences through coverage of culture, identity, creativity, entertainment, and community issues.
It operates with its own editorial team, visual style, social-media strategy, and cultural perspective. It produces articles, videos, interviews, newsletters, and commentary that reflect the diversity of Latino communities in California and beyond.
De Los plays a significant role in widening the Times’ audience base and strengthening multicultural engagement.
Times Community News Group
This group manages hyperlocal coverage across Southern California.
The division covers city governments, school boards, local business developments, crime, housing, public works, and neighborhood culture. It builds trust with communities by producing accessible, localized content that national outlets often overlook.
Community News also supports neighborhood newsletters and engages directly with residents, creating hyper-targeted regional journalism that builds loyalty.
LA Times Image
Image is the fashion, arts, and style magazine brand within the Los Angeles Times.
It produces trend features, designer interviews, style essays, photography-driven stories, wellness content, and cultural explorations that reflect the creative industries of the West Coast.
Image also releases special magazine editions, sometimes in print, and has a strong digital presence with performance across lifestyle and culture categories.
LA Times Food
The Food division covers restaurants, chefs, recipes, culinary trends, dining guides, and regional food culture.
It produces restaurant reviews, recipe collections, chef profiles, video series, newsletters, and event-driven content such as food festivals and tasting events.
Food is one of the Times’ highest-engagement lifestyle verticals and significantly influences regional dining culture.
LA Times Sports Platforms
This unit produces sports journalism across print, digital, newsletters, podcasts, and video.
It covers regional teams like the Lakers, Dodgers, Clippers, Rams, and USC/UCLA athletics, as well as national stories, athlete features, sports investigations, and documentary collaborations with LAT Studios.
Sports content attracts strong engagement and appeals to passionate local fans.
Utility Journalism & Service Brands
These brands produce essential public-service information such as earthquake readiness tools, wildfire maps, evacuation resources, voter guides, renter assistance, consumer alerts, environmental explanation pages, and health information hubs.
This type of journalism is especially important for California residents and plays a vital role in subscription retention, as readers rely on these tools during emergencies and elections.
Branded Newsletters
The Times operates multiple standalone newsletters that function like mini-brands, each with its own editorial voice and publishing strategy.
These newsletters cover politics, Hollywood, investigative reporting, California affairs, business, real estate, climate, books, sports, lifestyle, and more.
They are crucial for audience engagement, habit-building, and long-term subscription loyalty.
Los Angeles Times Archive & Research Services
This division manages the historical archives, image collections, licensing rights, and specialized research services.
It provides access to thousands of historical pages, photographs, illustrations, and past investigative stories. It supports internal newsroom projects, documentary production, educational institutions, academic researchers, and external licensing agreements.
E-Commerce & Affiliate Publishing
This division produces shopping guides, product reviews, consumer recommendation lists, travel gear roundups, seasonal buying guides, and affiliate-driven editorial content.
Its purpose is to create a revenue stream independent of advertising by generating commissions on reader purchases.
Los Angeles Times Merchandising
This division sells branded apparel, collectible prints, archival posters, books, limited-edition covers, and historical reproductions.
It strengthens brand loyalty and monetizes the newspaper’s long cultural and artistic heritage.
Innovation and Reporting Labs
These labs experiment with new technologies, AI-assisted reporting tools, data-driven visualizations, mobile-first content formats, audience experiments, and design prototypes.
The goal is to help the Times adapt to an evolving digital environment, test emerging formats, and develop tools that can support large-scale multimedia reporting.
Final Words
The ownership, operations, and expanding media footprint of the Los Angeles Times show how the organization has transformed into a modern, multi-platform newsroom while still honoring its historic role in American journalism. Understanding who owns Los Angeles Times helps explain its direction, investments, and long-term vision. With dedicated divisions across digital, video, audio, events, and community reporting, the Times continues to evolve, adapt, and strengthen its influence for future generations of readers.
FAQs
Who is the owner of the LA Times?
The Los Angeles Times is owned by Dr. Patrick Soon-Shiong, a billionaire surgeon, medical researcher, and entrepreneur. He serves as the CEO and Chairman of the company, giving him full strategic and operational control of the newspaper.
Who owns the LA Times newspaper?
The LA Times newspaper is privately owned by Dr. Patrick Soon-Shiong and his family. He holds the majority of shares, while his wife, Michele B. Chan, and family trusts hold the remaining minority stakes. There are no external or institutional investors involved in ownership.
Who bought the LA Times?
Dr. Patrick Soon-Shiong bought the Los Angeles Times in 2018, acquiring it from its former corporate parent. His goal was to restore stability, invest in newsroom growth, and return the newspaper to independent, family-led ownership after years of corporate turbulence.
How did Patrick Soon-Shiong make his money?
Patrick Soon-Shiong built his wealth through the medical and biotechnology industries. He founded several successful companies, developed groundbreaking treatments such as the cancer drug Abraxane, and sold biotech firms for billions. His innovations in pharmaceuticals and healthcare technology form the foundation of his fortune.
Who is the daughter of the Los Angeles Times owner?
The daughter of the Los Angeles Times owner is Nika Soon-Shiong. She is known for her academic work, philanthropy, social justice initiatives, and involvement in civic and policy-focused organizations. She often engages in research and advocacy related to equity and community development.
How much is Patrick Soon-Shiong worth in billions?
Patrick Soon-Shiong is worth an estimated $12 billion as of November 2025. His wealth comes primarily from biotech innovations, company sales, and long-term investments across healthcare and technology sectors.