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)

  • Jim Romenesko

    From 1999 to 2011, Jim Romenesko maintained the Romenesko page for the Poynter Institute, a Florida-based non-profit school for journalists. Poynter hired him in August of 1999, after seeing his MediaGossip.com, a hobby site he started in May of 1999.

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