LOS ANGELES — The owner of the Los Angeles Times has sold the San Diego Union-Tribune, the newspapers announced late Monday. MediaNews Group purchased the 155-year-old paper that has been owned by the Times ever since billionaire Patrick Soon-Shiong bought both news outlets and formed the California Times in 2018. We believe in the LA Times and are committed to its future.”The news of the Union-Tribune sale comes a month after the LA Times announced it was laying off 74 people from the newsroom, or about 13% of its staff. MediaNews Group is a newspaper publisher owned by the New York-based hedge fund Alden Global Capital. “I’m grateful to the Soon-Shiong family, who were good owners,” Union-Tribune Editor and Publisher Jeff Light said in a statement.

Source: Los Angeles Times July 11, 2023 16:12 UTC