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Tronc sells LA Times to world's richest doctor

The Los Angeles Times in a newspaper vending machine. Photo: Robyn Beck / AFP via Getty Images

Newspaper owner Tronc sold the Los Angeles Times to Dr. Patrick Soon-Shiong for $500 million, according to the AP. Soon-Shiong is also buying the publication's sister newspaper, the San Diego Union-Tribune.

The backdrop: The deal comes on the heels of ongoing tensions between the paper’s top ranks and journalists that has spilled into public view in recent weeks.