NantHealth founder Patrick Soon-Shiong buys into tronc, the newly-renamed Tribune

Billionaire biotech entrepreneur and former surgeon, Patrick Soon-Shiong, MD and is getting into the media game and fueling some major changes at Chicago-based Tribune Publishing Company. Soon-Shiong’s company, Nant Capital invested $70.5 million in Tribune Publishing last week. The deal makes the firm the Tribune’s second-largest stakeholder, edging out Oaktree Capital Management. Soon-Shiong will also join the Tribune Publishing Board, effective today. Former IBM-outfit Merge Healthcare CEO Justin Dearborn joined the Tribune as CEO in February 2016. By partnering with Soon-Shiong, according to the company’s press release, the Tribune will leverage access to machine vision and artificial intelligence technology patents to “accelerate the transformation from a legacy news company to a technology and content company.” “I am excited to join the company as Vice Chairman during this pivotal moment of transformation and…


Link to Full Article: NantHealth founder Patrick Soon-Shiong buys into tronc, the newly-renamed Tribune

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!