Geffen makes $2 billion all-cash offer for Los Angeles Times
Los Angeles Times
Tribune has declined to accept or reject David Geffen's bid as it continues to seek offers for the entire company, reports James Rainey. Geffen's net worth is estimated at $4.6 billion. || Wall Street Journal: The Chandler family is exploring ways to protect the value of its 20% stake in Tribune.
> Tribune is pressing its search for a buyer this week (Chicago Tribune)