Local billionaire takes ownership of Los Angeles Times

A pedestrian walks by the Los Angeles Times building in downtown Los Angeles, the United States, on June 18, 2018. For the first time in nearly 20 years, the Los Angeles Times on Monday officially returned to local ownership as billionaire Dr. Patrick Soon-Shiong completed his 500-million-U.S.-dollar purchase of the publication, as well as the San Diego-Union Tribune and the rest of the California News Group. (Xinhua/Zhao Hanrong)