Mar 10, 2009

Broad makes noise about buying the Times

In a speech given Monday in New York, Eli Broad said he's still interested in buying the Los Angeles Times from the now-bankrupt Tribune Co. - not outright but through a partnership that includes his foundation.

From Reuters:
Broad, jokingly, said: "I've regained my sanity since then," referring to his earlier interest. But turning more serious, he added: "I would like to see our foundation and others join together to own the LA Times."
Even then, budget constraints would likely be at play. "I am not sure it can be a national paper, or have the same aspirations it once had," said Broad. He added that one way to broaden reach could be tie-up with The Washington Post Co.

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