The LA Times' billionaire owner says he plans to take the paper public and 'allow it to be democratized'

Source: Business Insider

Patrick Soon-Shiong, the owner of the LA Times, said he will take the paper public over the next year. Axelle/Bauer-Griffin/Getty ImagesThe owner of the LA Times said he's going to take the paper public. Billionaire investor and businessman, Patrick Soon-Shiong, said the IPO will happen over the next year.