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TRIBUNE PUBLISHING COMPANY

(TPCO)
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Tribune Publishing : Billionaire investor Patrick Soon-Shiong denies report of LA Times sale

02/19/2021 | 04:42pm EDT
Patrick Soon-Shiong, medical researcher, inventor and chairman of the Chan Soon-Siong Foundation attends the Cancer Moonshot news conference in Taipei

(Reuters) - Billionaire investor Patrick Soon-Shiong on Friday denied a report that said he was considering a sale of the Los Angeles Times newspaper.

The Wall Street Journal reported that the investor, who bought the newspaper in 2018, was looking to sell the publication. (https://on.wsj.com/37tDo4u)

"WSJ article inaccurate. We are committed to the @LATimes," Soon-Shiong said in a tweet https://twitter.com/DrPatSoonShiong/status/1362862504796282881.

Soon-Shiong bought the publication for $500 million cash, along with the San Diego Union-Tribune and some other newspapers from Chicago-based publisher Tronc Inc, now known as Tribune Publishing Co.

Earlier this week, Alden Global Capital said it will buy Tribune Publishing, the owner of the Chicago Tribune, in a $630 million deal.

Soon-Shiong, a South African-born high-profile biotech executive and physician, is also part owner of the Los Angeles Lakers NBA basketball team and runs several medical companies.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Arun Koyyur)


ę Reuters 2021
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Financials (USD)
Sales 2020 746 M - -
Net income 2020 -39,0 M - -
Net cash 2020 25,8 M - -
P/E ratio 2020 -11,8x
Yield 2020 1,96%
Capitalization 636 M 636 M -
EV / Sales 2019 0,58x
EV / Sales 2020 0,59x
Nbr of Employees 2 865
Free-Float 95,0%
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Tribune Publishing Company Technical Analysis Chart | TPCO | US89609W1071 | MarketScreener
Income Statement Evolution
Managers and Directors
Heath Bradford Freeman President & Director
Michael Norman Lavey Chief Financial & Accounting Officer, Controller
R. Joseph Fuchs Director
Joshua P. Kleban Director
Michael J. Monticciolo Director
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