Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times, has announced plans to take the newspaper public within the next year. This decision aims to transform the 143-year-old publication into a publicly traded company, a move that reflects an effort to revitalize legacy media and democratize ownership. The announcement comes as part of a broader strategy to address challenges faced by the newspaper industry, including declining print circulation and significant financial losses. The owner is optimistic that the public listing will allow for a more sustainable future for one of the largest news brands in the United States.