Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year. During an interview on Monday’s “The Daily Show With Jon Stewart,

The Los Angeles Times newspaper plans to go public within the next year, its owner Patrick Soon-Shiong said in a television interview, aiming to give the public ownership of the 143-year-old publication.

Staffers at the Los Angeles Times say they have become accustomed to hearing announcements about the paper from outside media, rather than from their billionaire owner himself. So when Patrick Soon-Shiong announced on “The Daily Show” with Jon Stewart this week that he was taking the West Coast’s paper of record public,