During an appearance on “The Daily Show with Jon Stewart,” Los Angeles Times owner Dr. Patrick Soon-Shiong announced the launch of the L.A. Times Next Network.

Shiong, the owner of the Los Angeles Times, said that he plans to take the publication public. In an appearance on The Daily Show on Monday, Soon-Shiong told host Jon Stewart that “we are literally going to take the L.

The announcement that billionaire Patrick Soon-Shiong plans to take the Los Angeles Times public was met with a mix of panic and derision inside the building this week. But outside, astute investors point to another media public offering that serves as an appropriate parallel: Newsmax.