Meet The South African-Born Billionaire Who Just Bought The LA Times For $500million

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Patrick Soon-Shiong who was in born July 29, 1952 to Chinese parents in Port Elizabeth South Africa is a surgeon, entrepreneur, and philanthropist. He recently acquired The LA Times which he promised to rebuild and bring stability to a newsroom. The SA native will become executive chairman of the California News Group and plans to relocate most of the 800 employees to El Segundo by the end of July.

He is so dedicated that since March, he has taken a crash course in media with the help of high-profile news professionals such as: Norman Pearlstine, a former top editor and business executive at Time Inc as an advisor to help with the transition. Dean Baquet, executive editor of the New York Times (and former top editor at the Los Angeles Times);  Marty Baron, executive editor of the Washington Post (another Times alum);  Donald Graham, former owner of the Post; Washington columnist Al Hunt; former Times publisher Tom Johnson; and Judy Woodruff, anchor of the PBS NewsHour.

Original Post on IOL BusinessReport.

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