Billionaires Burkle And Broad Bid On Tribune Company...

Eat The Press:

As per recent swirling rumors, the LA Times reports that billionaires Eli Broad and Ron Burkle have put in a bid to buy the embattled Tribune Company, which owns the (recently embattled) LA Times plus television properties and, just for kicks, the Chicago Cubs. No word on if equally-rumored suitor David Geffen put in a bid, which probably means that he did not. James Rainey, the LAT media writer on the LAT beat, notes that all three potential future owners "have said in the past that The Times would benefit from their stewardship because they would be willing to accept lower profits and invest in news coverage." Which sort of makes the departure of EIC Dean Baqueta little bit sadder, seeing as he was forced out precisely for his efforts toward that end.

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