Family time?Family Time?: Billionaire David Geffen made a $2 billion offer for the Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). , but the Tribune Co/has not decided whether to accept the bid as it awaits other offers. Geffen is reported to have made the offer last month. Several private equity firms, newspaper giant Gannett Co. and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. billionaires, Eli Broad Eli Broad (born June 6, 1933) a native of Detroit, Michigan is a Jewish American billionaire who lives in Los Angeles, California. His last name is pronounced as rhyming with road. Broad is well known for his philanthropy and extensive art collection. and Run Burkle, also have expressed interest in owning Tribune. It also was reported last week that the Chandler Chandler, city (1990 pop. 90,533), Maricopa co., S central Ariz., in the Salt River valley; inc. 1920. It is both a residential community and a center for research and technology. Tourism is also important, and the San Marcos Golf Resort is in Chandler. family, founders of the Times, approached private equity firms in an effort to make their own bid for part of the Chicago media company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion