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Patrick Soon-Shiong’s Payment Problems

The Los Angeles Times has repeatedly fallen behind on payments to contractors and vendors, Status has learned, even as its billionaire owner pushes ahead with plans for an IPO.

Oliver Darcy
Oliver Darcy

Jun 23, 2026

Patrick Soon-Shiong’s Payment Problems

Patrick Soon-Shiong’s Payment Problems

The Los Angeles Times has repeatedly fallen behind on payments to contractors and vendors, Status has learned, even as its billionaire owner pushes ahead with plans for an IPO.

Oliver Darcy
Oliver Darcy

Jun 23, 2026

Patrick Soon-Shiong’s Payment Problems

In November 2025, the Los Angeles Times announced in a splashy press release that it had recruited the conservative journalist Catherine Herridge, formerly of Fox News and CBS News, to host a new weekly investigative series. In the announcement, Herridge praised the Patrick Soon-Shiong-owned newspaper for “partnering with independent journalists” and providing the resources “to follow the facts wherever they lead,” saying she was “thrilled” to partner with the outlet.

Months later, Herridge might have been second-guessing that praise. Status has learned that behind the scenes the relationship between Herridge and the newspaper has been fraught and contentious.

According to multiple people familiar with the matter…

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Oliver Darcy

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