Billionaire Eli Broad Signals Interest in Buying L.A. Times

Posted Thursday, May 3, 2012 7:05 am

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.

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Billionaire Eli Broad Signals Interest in Buying L.A. Times

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