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Articles tagged Patrick Soon-Shiong (34)

The hope: The L.A. Times will appear more “objective” if it presents both sides of an issue, even if one side’s written by a human and the other side is generated by AI. The reality: Kind of a mess.
It was the first time many Americans saw Rupert Murdoch using his news outlets to advance his interests — and a lesson in how a media mogul’s outside financial ties can taint the editorial product.
Disagreements between the LA Times and its Guild over seniority protections ended in more than 60 journalists of color being laid off.
“We are not in turmoil. We have a real plan,” the paper’s owner, billionaire businessman Dr. Patrick Soon-Shiong, said.
Under new owner Alden Global Capital, there’s no plan for the future. There’s just revenue extraction for as long as a generation of older newspaper subscribers live to keep paying their bills.
Despite denials, don’t be surprised if control passes from billionaire Patrick Soon-Shiong sometimes soon. But it’s not necessarily bad news.
But Patrick Soon-Shiong’s outside business dealings show the importance of disclosure — especially in an era when more important news organizations are owned by billionaires with business interests in the topics journalists cover.
After ten years of writing for Nieman Lab, Ken takes a big look back and ahead, defining the state of affairs for the troubled world of journalism.