“Can we compete with them? Not can, must, we must compete with them,” he said. Soon-Shiong, 65, wants to turn his flagship daily into a multimedia leviathan of independent, innovative journalism in the Trump era – a font of essential reading, viewing and listening to rival the Washington Post and New York Times. He also got the San Diego Union-Tribune, Spanish-language Hoy and several small community papers, now grouped under a corporate moniker, the California Times. Soon-Shiong bought it in April for twice what Bezos paid for the Post. Journalists voted to unionise for the first time. Cutbacks, layoffs and a revolving door of executives left the 136-year-old daily enfeebled and rudderless earlier this year. The LA Times is a once-great newspaper battered and hollowed by its former corporate master, a Chicago-based company called Tronc. Can we compete with the New York Times and the Washington Post? Not can, we must He is widely seen as brilliant and at times bombastic, with promises outstripping reality. It’s got to do with an analysis of what’s important for humanity.”Ī flamboyant claim from a businessman who trails plaudits as well as controversies.
“It’s got nothing to do with the business analysis. “I’m a news junkie number one, a complete news junkie,” he told the Guardian in an interview at the LA Times’s new home, a still-under construction 10-acre campus in El Segundo, 20miles south of downtown.
Soon-Shiong has bought the Los Angeles Times and a handful of other California newspapers for $500m, vaulting him into an exclusive club populated by Rupert Murdoch, Jeff Bezos and a handful of other proprietors. A bright, restless mind, Soon-Shiong is now seeking to remedy a very different source of malignant metastasis: news.įake news, superficial news, clickbait news, shrill, shouty, polarising news, he plans to tackle all these ailments in his latest incarnation as a media mogul.
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