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Tronc Sells Los Angeles Times to Local Billionaire for $500 Million

FILE -- The Los Angeles Times building in downtown Los Angeles, Jan. 29, 2018. The owner of The Los Angeles Times is close to a deal to sell the newspaper to Patrick Soon-Shiong, a billionaire Los Angeles doctor, two people familiar with the negotiations said Tuesday, Feb. 6, 2018. (Andrew Cullen/The New York Times)