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LA Times owner sets ambitious goal: 5 million digital subscribers

from The Wall Street Journal

After years of declining readership and endless newsroom cuts, the new owner of the Los Angeles Times is setting a high target in his effort to turn the company around. Biotech billionaire Patrick Soon-Shiong, who acquired the long-struggling paper in June from Tribune Publishing Co. for $500 million, said the Times needed to build its digital-subscriber base to 5 million paying customers. more

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