Patrick Soon-Shiong and Kevin Merida share their vision for the future of the Los Angeles Times

In their first joint interview, Los Angeles Times owner and executive chairman Patrick Soon-Shiong and newly-appointed executive editor Kevin Merida join Brian Stelter and answer questions about the future of the publication. "We're competing for subscriptions" and competing for peoples' time and money, Merida says. "I want to be the most exciting, innovative media company that exists, anchored out in California." He talks about expanding into new areas, from comedy to poetry, and turning the publication into a much larger media company. Soon-Shiong reaffirms his commitment to the outlet; addresses his role in Alden Global Capital's takeover of Tribune Publishing; and shares his view of what the government should do to balance the local news playing field. To learn more about how CNN protects listener privacy, visit cnn.com/privacy