Los Angeles Times to Be Publicly Traded Company in 2026
Patrick Soon-Shiong, owner of the Los Angeles Times, revealed plans to take the historic newspaper public next year.
This move will expand ownership and give the public an opportunity to participate in its future.
The Los Angeles Times is one of the largest and most prestigious daily newspapers in the United States.
Its owner said: 'Whether you're on the right or the left, Democrat or Republican, you're American — and it's important to provide a newspaper that reflects everyone's voice.'
Founded in 1881, the paper has earned more than 40 Pulitzer Prizes and covers a wide range of topics including politics, economics, culture, technology, environment, and state-level news in California.
Soon-Shiong emphasized that the IPO initiative will reinforce the newspaper's position as a platform for "people's voices, across all political perspectives." He added that preparations for the public offering are already underway in coordination with a specialized advisory firm.
In recent years, the Los Angeles Times has faced mounting financial challenges, largely due to declining advertising revenue and shifts in how audiences consume news. In early 2024, the paper was forced to lay off newsroom staff in a bid to cut costs and restructure operations.
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