“Dr. Soon-Shiong abstained from voting,” said Hillary Manning, a spokeswoman for Soon-Shiong. “For the past several years, Tribune Publishing has been a passive investment, as he has remained focused on the leadership roles he holds across his companies. When he made the investment in 2016, he hoped it would be a pathway to local newspaper ownership in Southern California. In 2018, he and his family were proud to acquire the Los Angeles Times and San Diego Union-Tribune from Tribune Publishing, creating the California Times. Their focus is and will be on the continued rebuilding and revitalization of The Times and Union-Tribune.”
Hedge fund Alden’s bid to buy Chicago Tribune, other papers approved by Tribune Publishing shareholders
