FILE - In this Jan. 10, 2017, file photo, pharmaceuticals billionaire Dr. Patrick Soon-Shiong waves as he arrives in the lobby of Trump Tower in New York for a meeting with President-elect Donald Trump. It was announced Wednesday, Feb. 7, 2018, that the Los Angeles Times is being sold to Soon-Shiong, a local billionaire, for $500 million, ending its strained tenure under the owner of the Chicago Tribune. (AP Photo/Evan Vucci, File)
On Wednesday, The Times’ corporate parent, Tronc, announced that it had reached a deal to sell The Times, the San Diego Union-Tribune, Spanish-language Hoy Los Angeles and community newspapers to L.
