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In Case You Missed It: Dr. Patrick Soon-Shiong Discusses the Launch of the Los Angeles Times Next Network on The Daily Show with Jon Stewart

via Business Wire

During an appearance on The Daily Show with Jon Stewart, Los Angeles Times owner Dr. Patrick Soon-Shiong announced the launch of the L.A. Times Next Network. The new diversified media company is designed to rebuild trust in media and give voice to all by combining verified information, emerging technologies, and community participation across news, culture, entertainment, sports, and civic engagement.

The Network consists of five coordinated pillars: the Los Angeles Times; LAT Next, a curated creator platform; Nant Games, focused on esports and civic/scientific gaming; NantStudios Virtual Production, offering real-time virtual production capabilities; and L.A. Times Studios, supporting streaming, live events, and forums.

The initiative will also pursue a novel Reg A+ financing, led by the investment bank Digital Offering, to broaden public ownership and participation allowing the readers, supporters and fans of the Los Angeles Times to become shareholders.

Dr. Patrick Soon-Shiong said:

“My family bought the L.A. Times to ensure a voice for the community and now have a path to return it to the people. With this opportunity, readers, community members, everyone, will be the media: direct democracy in action. There’s been an erosion of faith in our institutions, and I look forward to sharing this journey with the public. The need to restore truth and trust in media and in our institutions is more important now more than any time in our country’s history- L.A. Times Next Network will strive to be the platform and the voice of the people.”

Mark Elenowitz, Managing Director of Digital Offering, commented:

“We helped pioneer Regulation A to open ownership to everyday investors, and L.A. Times Next Network exemplifies that spirit, to allow those who have been customers and supporters of this iconic brand to become shareholders and participate in the next chapter of growth. This platform aligns community equity with a diversified, tech-enabled media ecosystem built on credibility, engagement data, and scalable production innovation.”

Interested in becoming a shareholder? Sign up for information from Los Angeles Times Next Network, Inc. at https://www.latimes.com/next-network

About LA Times Next Network

LA Times Next Network is a unified media ecosystem merging: (1) LA Times verified journalism and archive intelligence; (2) LAT Next, creator and audience co-creation platform; (3) NantGames, esports, interactive learning, and transmedia IP incubation; (4) NantStudios Virtual Production, virtual production enabling cinematic quality at speed; and (5) LA Times Studios, streaming, festivals, and live town halls. The mission: restore trust, amplify diverse voices, and democratize ownership through innovative financing pathways.

About Digital Offering

Digital Offering, LLC (“DO”), a leader in crowd financed public offerings, is a next generation investment bank with a focus on technology and innovation utilizing The Jumpstart Our Business Startups Act, or JOBS Act.

For over a decade they specialize in helping high-quality private and public growth companies access U.S. capital markets and achieve their growth objectives. With constantly changing markets and regulation Digital Offering is applying the best practices of traditional investment banking to new securities industry rules to enhance efficiency in capital raising.

LAT Next is currently undertaking a private placement offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506(c) of Regulation D promulgated thereunder. Investors should consider the investment objectives, risks, and investment time horizon of the Company carefully before investing. The offering documents relating to each offering of equity interests by the Company will contain this and other information concerning the Company, including risk factors, which should be read carefully before investing. Securities of the Company are being offered and sold in reliance on exemptions from registration under the Securities Act. In accordance therewith, you should be aware that (i) the securities may be sold only to “accredited investors,” as defined in Rule 501 of Regulation D; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the United States Securities and Exchange Commission (the “SEC”) will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in these securities involves a high degree of risk, and investors should be able to bear the loss of their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. The offering documents may include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. Although we believe our expectations expressed in such forward-looking statements are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to the risks and uncertainties set forth in the attached materials, which could cause actual results to differ materially from the anticipated results set forth in such forward-looking statements. Any forward-looking statement made by us speaks only as of the date on which it is made, and we undertake no obligation to publicly update any forward-looking statement except as may be required by law. The contents of this news release are not to be construed as legal, financial or tax advice. Information about the Company and its business plan herein is presented in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States, unless an exemption from such registration is available. The Company is "Testing the Waters" under Regulation A under the Securities Act of 1933. The Company is not under any obligation to make an offering under Regulation A. No money or other consideration is being solicited in connection with the information provided, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form 1-A until the offering statement that has been filed is qualified pursuant to Regulation A of the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date.

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