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.
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.
The billionaire owner on unions (“I think they did the unionize thing out of desperation”), esports (“We must start fighting for the 16-year-olds all the way to the 30-year-olds, because that’s not our demographic”), and hiring the intern.
Doctor, Ken. "Newsonomics: Patrick Soon-Shiong on the L.A. Times’ transmedia future, french-fry tweets, and modernizing the “newspaper” business." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 28 Mar. 2019. Web. 6 Dec. 2024.
APA
Doctor, K. (2019, Mar. 28). Newsonomics: Patrick Soon-Shiong on the L.A. Times’ transmedia future, french-fry tweets, and modernizing the “newspaper” business. Nieman Journalism Lab. Retrieved December 6, 2024, from https://www.niemanlab.org/2019/03/newsonomics-patrick-soon-shiong-on-the-l-a-times-transmedia-future-french-fry-tweets-and-modernizing-the-newspaper-business/
Chicago
Doctor, Ken. "Newsonomics: Patrick Soon-Shiong on the L.A. Times’ transmedia future, french-fry tweets, and modernizing the “newspaper” business." Nieman Journalism Lab. Last modified March 28, 2019. Accessed December 6, 2024. https://www.niemanlab.org/2019/03/newsonomics-patrick-soon-shiong-on-the-l-a-times-transmedia-future-french-fry-tweets-and-modernizing-the-newspaper-business/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2019/03/newsonomics-patrick-soon-shiong-on-the-l-a-times-transmedia-future-french-fry-tweets-and-modernizing-the-newspaper-business/
| title = Newsonomics: Patrick Soon-Shiong on the L.A. Times’ transmedia future, french-fry tweets, and modernizing the “newspaper” business
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 28 March 2019
| accessdate = 6 December 2024
| ref = {{harvid|Doctor|2019}}
}}