The deal would effectively liberate the Chandler family of California – owners of the Los Angeles Times for more than a century – from a newspaper business. Zell's offer was sweetened over the weekend to top an eleventh-hour proposal from Los Angeles billionaires Eli Broad and Ron Burkle. lat
2 Comments
Interesting battle. The Trib had for years been a valient fighter against the monopolization of Americas news by the NYTimes and Washington Post until Tribune Co. went public. Now its just another media whore canabalizing itself and the other great regional newspapers with international focus. Hopefully the LA Times and Chicago Tribune can return to respectability and Americans living thousands of miles from NYC and DC will have a choice again for news.
very interesting indeed. i know the LA heavies (also big developers and art/culture donators) were really out to get that Co.
another point i'd like to make is that a major world city like la is really a one paper town.
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