That's the price billionaire Patrick Soon-Shiong is paying for the Los Angeles Times and its smaller sister publication, the San Diego Union-Tribune. Could the L.A. Times's hefty tag mean that the value of newspapers, tumbling for two decades, is actually rebounding? But analysts cautioned against reading too deeply into the L.A. Times deal. That would put the paper's revenue at $616 million and its value in a sale, using Knee's standard, at $308 million. Even when you throw in the Union-Tribune, which Tronc bought for $85 million in 2015, the $500 million total appears inflated.

Source: Washington Post February 07, 2018 22:01 UTC