LOS ANGELES, United States (AFP) — Billionaire physician and investor Patrick Soon-Shiong agreed Wednesday to buy the Los Angeles Times, in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times and San Diego Union-Tribune to Soon-Shiong’s Nant Capital for $500 million plus the assumption of $90 million in pension liabilities. The move comes after months of newsroom […]
Tag: Los Angeles Times
Tencent invests in ‘Mission: Impossible’ studio
BEIJING, China (AFP) – Chinese internet giant Tencent said on Friday it will take a stake in the US production company behind the “Mission: Impossible” and “Terminator” series, marking China’s latest incursion into Hollywood. The deal will give Tencent the opportunity to co-finance Skydance Media films, which will benefit from the Chinese firm’s distribution and marketing in the world’s second-largest movie market, firms said in a statement. It did not provide financial details but the Los Angeles […]





