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