Tribune Co. Parent To Sell L.A. Times And San Diego Union-Tribune

“Los Angeles biotech billionaire Patrick Soon-Shiong is nearing a deal to buy the Los Angeles Times and the San Diego Union-Tribune from their owner, Tronc … The nearly $500-million cash deal, if consummated, would return the Times to local ownership after 18 years and end a tumultuous relationship with its corporate parent in Chicago.”