Los Angeles Times
The Chandler family, which once owned the Los Angeles Times, and a partnership of billionaires
Eli Broad and
Ron Burkle made competing offers Wednesday for Tribune Co., report
James Rainey and
Thomas S. Mulligan. None of the offers provided a clean bid for the entire company that Tribune execs had hoped for. The bids are expected to be discussed at a Saturday board meeting.
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Burkle/Broad are proposing to keep current Tribune management (WSJ)
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"This auction started off on the wrong foot and never got righted" (NYT)
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Tribune board could reject bids, consider "self help" strategies (Trib)
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Finke: Burkle/Broad want to return Baquet to the editor's chair (DHD)
