Billionaire Eli Broad Signals Interest in Buying L.A. Times
Posted: 5/3/2012 | By: Mike Boehm and James Rainey | Los Angeles Times
Five years after his partnership lost a bid to buy Tribune Co.and the Los Angeles Times, billionaire businessman Eli Broad said he remains interested in joining with others to restore local ownership to The Times.
The issue arose this week with the pending release of Broad's book, "The Art of Being Unreasonable: Lessons in Unconventional Thinking," in which the onetime home builder and investment services magnate speculates that the newspaper will be sold after the resolution of the bankruptcy of its owner, Tribune.
The issue arose this week with the pending release of Broad's book, "The Art of Being Unreasonable: Lessons in Unconventional Thinking," in which the onetime home builder and investment services magnate speculates that the newspaper will be sold after the resolution of the bankruptcy of its owner, Tribune.