The Los Angeles Times owner's pitch deck to investors unveils a bold vision for a potential public offering in 2027. Despite past operating losses and uncertainty about future profitability, the deck highlights a strategic transformation plan. Dr. Patrick Soon-Shiong, the billionaire owner, has already invested $750 million since acquiring the paper from Tribune Co. in 2018. The Times' subscription and advertising business generated $120 million and $60 million, respectively, in 2024, with print advertising outperforming digital. The deck emphasizes the combination of assets, including the Times newspaper, LA Times Studios (a streaming news channel), Nant Studios (production facilities), and Nant Games (esports production). It also mentions plans for a technologically advanced medical and scientific journal, leveraging advancements in artificial intelligence for monetization through archive intelligence. However, the deck acknowledges the union's recent strike authorization, indicating ongoing negotiations for a new collective bargaining agreement.
