When Mr. Quickly-Shiong acquired the Instances, the San Diego Union-Tribune and a handful of weeklies from Tribune Publishing Co. TPCO -0.06% , then referred to as Tronc Inc., in 2018, it was met with nice fanfare from employees and media watchers after years of turmoil and downsizing on the publications. On the time, he mentioned that the sale represented the start of a brand new period and that he meant to do what it took to make the enterprise viable for the subsequent 100 years.
He has since grown dissatisfied with the news group’s gradual enlargement of its digital viewers and its substantial losses, the folks mentioned. He additionally has more and more come to imagine that the Los Angeles Instances and San Diego Union-Tribune—collectively identified as the California Instances firm—can be higher served in the event that they have been half of a bigger media group, they mentioned.
Mr. Quickly-Shiong has been closely targeted on efforts by his immunotherapy firm to develop a Covid-19 vaccine and has had little time to dedicate to the Instances, folks acquainted with the matter mentioned. “Covid actually introduced him again to the lab,” mentioned one of many folks.
Mr. Quickly-Shiong didn’t instantly reply to a message looking for remark and a spokeswoman for the Instances had no rapid remark.