New Delhi, July 23 -- Dr. Patrick Soon-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," Soon-Shiong said the move would allow the Times "to be democratized and allow the public to have ownership of this paper."

Soon-Shiong said he's working with "an organization that's putting that together right now." He didn't identify the organization or say whether the deal would involve an initial public offer to sell shares of the company or another investment arrangement.

"Whether you're right, left, Democrat, Republican, you're an American. So the opportunity for us to provide a pap...