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How biotech billionaire Patrick Soon-Shiong’s Los Angeles Times investment went wrong

Por: MarketWatch Business January 24, 2024

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Now, despite his great wealth — estimated at $5.4 billion by Forbes — Soon-Shiong’s appetite for absorbing the tens of millions of dollars in losses he has already incurred seems to be waning. On Tuesday, the paper began , close to 20% of its staff, just months after it dismissed 70 staffers. The latest layoff round has sent shockwaves through the news organization Soon-Shiong had promised to revive, with unionized staff organizing a... + full article



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